Quote #173,045
"'Egalitarians' who complain about inequality view the wealth of the wealthiest as bad in itself: it ..." — Edmund Phelps
'Egalitarians' who complain about inequality view the wealth of the wealthiest as bad in itself: it disfigures society. They would enact a wealth tax to extirpate the offending wealth.
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View AllAs a grandson of farmers in downstate Illinois, I have long admired the dedication of farmers to their work and have written about the role of agriculture in American innovation.— Edmund Phelps