If the Wal-Mart CEO were to take a $1 salary and the company were to spread that over each of the company's workers, each worker would receive a one-time bonus of $10.
Even if a machine were technically capable of providing the same service more cheaply, many consumers are likely to prefer human staff in many cases, including nurses and care providers, entertainers, chefs, and teachers.
If inequality keeps billionare Ray Dalio up at night, he could shrink his holdings through bold capital allocations aggressively focused on changing how we live, work, fly, and play.
The New Deal invigorated a bureaucratic state which had already done much to limit the entrepreneurial opportunities of Americans of all racial and economic backgrounds.
Some states have proposed overturning laws that ban local governments from using housing policies like rent control. Rent control is terrible, but there's no reason to believe state governments ought to dictate housing policy to local governments.
Small businesses are essential in providing employment for workers who might otherwise be locked out of the mainstream economy. Small firms also drive large firms to compete for workers, thus driving up wages.
Reparations to heirs of slaves make sense so long as the actually guilty parties are the ones paying. Short of that, the policy being discussed has nothing to do with reparations. It's just a wealth redistribution scheme.
Dollar stores are hardly the starvation-producing hellholes that the critics claim them to be. They serve their customer base well, but it is not a customer base of elite journalists and politicians.
While efforts to mandate "equality of outcome" are rightly derided, "equality of opportunity" is wrongly held up as essential. But even when we face unequal opportunities, the marketplace can still make us all better off.
