The politics of family – and family business

This is a political editorial, and so you can take from it what you wish. But Williamson does cite some compelling data about the link between intact family structure and poverty (or its avoidance). Additionally, he draws the reader’s attention to income mobility, which is a much more accurate reflection of economic reality in the United States than income inequality, for reasons he notes in the piece.  In light of the huge role that family business plays in U.S. (and global) economics, I thought it was an interesting tie-in. After all, when family businesses are very successful, they do lift entire generations out of poverty and often into wealth. Whereupon those who advocate for estate taxes argue that it should be given back.  Again, interesting.

http://www.nationalreview.com/article/376231/politics-poverty-kevin-d-williamson

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