Let’s Stop the Redistribution of Wealth!
Conservative, libertarian and neoliberal arguments often accuse progressives of trying to “redistribute wealth” by taxing the rich and giving the money to the poor. Let’s be honest, over the past few decades, there has indeed been a redistribution of wealth in USA, based in part on changing tax rates. A Wall Street Journal article from July 23, 2008, explained how there has been a trend in recent years where the wealthiest 1 percent of Americans have seen their income rise faster than any other group of earners in the country while at that same time, the tax rate for the top 1…
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