Inequality
Discussion of apparent economic inequality is driving political discussion and action in the country. Actual inequality is much less than you read in the media (see suggested reading material below). Until the true story is fully understood it will almost certainly be a very significant, growing and harmful matter for the nation. Very few, if any, actions by government will be able to correct the problem and most will probably make things worse. Our recommendation about profit sharing
would address this in a constructive fashion while maintaining the prosperity that only comes from free market capitalism (not to be confused with "crony capitalism" which favors only the few). Significant employee ownership
would also be helpful wherever appropriate. If all people involved in enterprises are working to maximize profitability and are rewarded appropriately (even with the ups and downs of firms over time) both income inequality and wealth inequality would be reduced, and political division would decrease substantially. Several recent books on the subject are Phil Gramm's The Myth of American Inequality
and Thomas Sowell's Social Justice Fallacies.
