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Podcast: Creating Wealth Real Estate Investing with Jason Hartman
Episode: 2298 FBF: How Income Inequality Can Be Good for Society with Libertarian Legal Scholar Richard Epstein Professor at NYU School of Law
Description: This Flashback Friday is from episode 312 published last April 10, 2013. Professor Richard Epstein, pioneering Libertarian legal scholar, joins Jason Hartman to explain how income inequality is good for society, but is very dependent on the methods used to produce the best outcome. The current methods our government are attempting to use are causing job losses, it blocks gains in trade, the need for further public assistance increases, which in turn increases taxes, âyet another implicit drain on voluntary transactions,â Richard illustrates. He provides examples to demonstrate the consequences of equality by egalitarian efforts of our government versus voluntary redistri...