September 17, 2015

THE VOTE-BUYING REDISTRIBUTIVE STATE: Overall, there was a transfer of roughly $1 trillion in economic resources from the top 40 percent of households to the bottom 60 percent. This sum represents about 9.5 percent of total national income in 2004. I’m sure it was much worse in 2014.

Remember this when you hear people complain that “the rich” aren’t doing their fair share.