The Inequality Hoax
By (Author) James Piereson
Encounter Books,USA
Encounter Books,USA
5th August 2014
United States
General
Non Fiction
Political economy
Central / national / federal government policies
305
Paperback
56
Width 120mm, Height 177mm
56g
The controversy over inequality has gathered steam with the publication of Thomas Pikettys new book, Capital in the Twenty-First Century, a dense work of economic history that documents the rise of income inequality in recent decades and sets forth an agenda of taxation to deal with it. Pikettys treatise has turned into a rallying point for those favoring income redistribution and higher taxes on the rich.
In this Broadside, James Piereson explains how Pikettys book is flawed and advances a narrow understanding of the market system. While misjudging the era in which we are living and misunderstanding the sources of inequality, Pikettys book proposes solutions that will make matters worse for everyone the wealthy, the middle class, and the poor alike.
James Piereson is president of the William E. Simon Foundation and a senior fellow at the Manhattan Institute, where he directs the Center for the American University. He is a frequent contributor to various journals and newspapers and is the author of Camelot and the Cultural Revolution: How the Assassination of John F. Kennedy Shattered American Liberalism. He lives in New York City.