October 25, 2008
Joe the Plumber and Income Redistribution: Rewards Failure
20 Oct 2008 - Obama tells Joe he'll "spread the wealth around". Joe the Plumber brings social populist argument back to life: Income redistribution sabotages growth for "fairness"; rewards failure, penalizes hard work. Already, top 1% pay 40 percent of all income tax revenues (nearly DOUBLE what pd 20 y ago). Bottom 1/2 in income pays
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