“Income inequality” has become a very familiar phrase in recent years. We all know what it means: It’s the wealth gap between the top 1% and everyone else–the other 99%–and we’re being told that it’s the cause of all kinds of societal problems.
But in the video that follows, John Tamny, editor of Real Clear Markets, explains that income inequality is actually a good thing. Not only is it an expression of the natural differences among people, such as talent and ambition. It also reflects how the free market provides unique opportunities for each individual to pursue his or her full potential. And when people reach their full potential, we all benefit.
Watch the video and find out why.