Income Inequality

There is a great article in the Wall Street Journal today on income inequality in America. Basically, there is an amazing amount of economic mobility in the American economy, and there is great opportunity for the poorest Americans to improve their levels of income. Cynics like to deride America's motto of "A Land of Opportunity" but this study shows it is for real. Clearly America is not perfect, but the system is fundamentally sound and politicians should have faith in the citizens to accomplish on their own. All the government needs to do is to create incentives for hard work and a sound lifestyle and people will achieve. Higher taxes and welfare benefits will only encourage laziness and poverty.

http://www.opinionjournal.com/editorial/feature.html?id=110010855