Eat the Rich? Au Contraire. Here’s Why We Need Them
Inside a recent analysis of Jill Abramson’s firing from the New York Times, Jacob Bacharach reveals a serious misunderstanding of how economies work. There are certainly lots of good reasons to care about income inequality. However, failing to understand the utility of high incomes leads to uninformed, knee-jerk “eat the rich” policies. In practice, these laws and … [Read more…]
