If you want to know why the left is wrong about income inequality, you need to watch this Margaret Thatcher video. In just a few minutes, the “Iron Lady” explains how some – perhaps most – statists would be willing to reduce income for the poor if they could impose even greater damage on the rich.
This picture is another way of getting across the same point. It was sent to me by Richard Rahn (famous for the Rahn Curve), and it uses two pizzas to show how leftist policies would “solve” inequality.
I like this analogy, and not just because I also used the pizza analogy to make the same argument in this TV interview.
The growing or shrinking pizza is useful because it helps to focus people on the importance of growth.
Nations that follow the right policy recipe can enjoy the kind of strong…
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