this is horse sh*t for a wide variety of reasons, but mainly because the increase in income inequality is not due to
productive entrepreneurs like Bill Gates and Steve Jobs, as he suggests. The protesters aren't protesting Redmond, Washington or Cupertino, California.
Income inequality is due to
financial engineering. Unproductive people getting free money from the federal reserve, swapping OUR money around, creating nothing tangible, and the wealth gains ultimately end up in the hands of the financiers and existing capital owners, who have the game rigged in their favor with the help of the Fed. This is ultimately about the preference we show to rentier capital over productive capital, and this man simply fails to understand that distinction. Without drawing this distinction, he is lost in his search for the catalyst of income inequality, and he has no hope of actually understanding what its negative effects are.
dude is associated with
a propaganda outfit, by the way. His "analysis" is just a string of right-wing talking points, answering questions that nobody asked. Is this typical of the university of chicago? I didn't know they were this clueless.
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