Friday, December 9, 2011

Income Is Not Distributed

“Despite a voluminous and often fervent literature on ‘income distribution,’ the cold fact is that most income is not distributed: It is earned.”

Thomas Sowell

And if it ain't earned, it ain't distributed, re-distributed, or can be de-distributed (taxed) by the gubment!

Wow, that just about defines the Laffer Curve!

Think about it...

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