How We Can Reduce Income Inequality Without Hurting Growth

How We Can Reduce Income Inequality Without Hurting Growth by Patrick McLaughlin, Laura Stanley - Foundation For Economic Education

Repealing Regressive Regulations Will Help Entrepreneurs

Vice President Joe Biden praised presidential candidate Bernie Sanders recently for speaking credibly about the “enormous concentration of wealth in a small group of people.” Income inequality — and the promise to do something about it — has become a standard component of both Democratic and Republican candidates’ platforms.

Stump speeches have largely centered on higher tax rates and higher minimum wages as potential “solutions.” Yet each of those campaign-trail promises would also bring unintended economic consequences — such as slower economic growth and more corporate inversions — that make the policies more difficult...