The Democrats Are Partially Right about Wealth and Corruption
Fortunes acquired through corruption and cronyism are bad; not so for fortunes acquired through work and innovation.
With strong soak-the-rich rhetoric, Elizabeth Warren has surged in polls for the Democratic presidential nomination. She claims that “billionaires have seized our government” and that “when you’ve got an economy that’s doing great for those with money and isn’t doing great for everyone else, that’s corruption, pure and simple.” Bernie Sanders is also polling near the top of Democratic field by blasting wealth inequality as “obscene” and denouncing the economy as “rigged” by...