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Politics & Rights

Egalitarianism versus Rational Morality on Income Inequality

By Ari Armstrong

May 24, 2014
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As Cato’s Alan Reynolds points out, various pundits (including Paul Krugman) have, based on the work of Thomas Piketty, declared that the percentage of income and/or wealth of the top 1 percent has surged in recent years. As Reynolds demonstrates, those pundits are wrong. But Reynolds’s analysis will hardly persuade today’s egalitarians to alter their p…

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