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Blogs by Lori L Moore
Words to live by... 9/30/2004 4:56:48 PM
I thought I'd share something that came across my desk today. In my opinion, it's exceptional...
"People spend too much time worrying about income inequality. Listening to much of that discussion, one would think that it's a dealer of dollars who determines income. The reason some people have more money than others is that the dollar dealer is a racist, sexist or multinationalist. Hence, justice requires a redealing or redistribution of the dollars. Far better good could be done for our fellow man by focusing more of our attention on productive inequality rather than income inequality. Income inequality is a result, and it's productive inequality that mostly explains that result rather than some insidious plot afoot. Whether it's individuals or countries, one seldom sees highly productive people poor or highly unproductive people rich unless there are government restrictions and subsidies at play. Making people more productive is the challenge. Whining about income inequality is a cop-out." --Walter E. Williams
Walter E. Williams is currently the John M. Olin Distinguished Professor of Economics at George Mason University in Fairfax, Va.
I had the opportunity to meet Professor Williams once and have heard him speak on a few occasions. He is a tremendous individual. Ck out his website.
