Tag:wealth

  • The morality of wealth: de Blasio and the WSJ are wrong

    Among many in the Democratic Party, attacking the rich is back in style. Some popular Democrats contend that large concentrations of wealth are, at best, unseemly and, at worst, absolutely immoral. From newly elected Congresswoman Alexandria Ocasio-Cortez to possible presidential candidates, including Senators Elizabeth Warren and Bernie Sanders and New…

  • Why Are Countries Poor?

    The explanation for international differences in personal income cannot be found in race, geography, or imperial history. According to the available data, the answer is freedom — the more you have, well, the more you have.