Rethinking the Income Gap: The Second Middle Class Revolution

The ethical question implied by discreparcies between the distribution of income and the economic foundations of our country is at the heart of much of today's political debate. The answer according to the left—and often the mainstream media—would require major changes in the way our economy functions so as to further redistribute income among households. Higher tax rates on the upper middle class and rich, more restrictive corporate regulations (including higher taxes), more centralized ec...