Last year, President Obama started raising the issue of “income inequality” as a new problem in America. He then proposed to fix this problem using the same “solutions” that he and other Democrats have been pushing for 40 years: Raise the minimum wage and increase unemployment insurance payments. He also used it to further advocate for wealth redistribution via the tax code.
Republicans generally responded that the issue was made up or trumped up by Obama and that this problem either doesn’t exist or is not as big a deal as he suggests. A few Republicans acknowledged the issue and proposed we fix it with tax cuts, which of course was the remedy said Republicans have been pushing for 40 years.
In my opinion, both sides are wrong. Obama is clearly using “income inequality” as a new reason to advocate for the same things he wanted long before “income inequality” ever entered the vernacular. In the same way, Republicans using it to advocate for our standard policy choices is equally inappropriate. So, what do I think we should or should not be doing… Read More