Inequality is Overstated—and Overrated

A quick lesson in economics. To produce anything requires four factors of production–land, labor, capital and entrepreneurship.

America traditionally had the the most productive (measured in output per man hour) and highest paid workers (labor) on earth. Why? Simply because they had the best tools (capital) to work with.

So you union cry babies need to quit whining. — jtl, 419

Land & Livestock International, Inc.

Understanding the flaws in the wealth inequality argument is increasingly important, because the communist wing of the Democratic Party is now openly advocating a wealth tax. In this article I will explain why measures of wealth inequality overstate actual inequality in terms of the standard of living of wealthy people relative to the rest.
The Betrayed: On Warriors, Cowboys and Other Misfits
A quick lesson in economics. To produce anything requires four factors of production–land, labor, capital and entrepreneurship. 

America traditionally had the the most productive (measured in output per man hour) and highest paid workers (labor) on earth. Why? Simply because they had the best tools (capital) to work with. 

So you union cry babies need to quit whining. — jtl, 419
by Robert Blumen via Mises Wire

Listen to the Audio Mises Wire version of this article.

The Essence of Liberty: Volume I: Liberty and History: The Rise and Fall of the Noble Experiment with Constitutionally Limited Government (Liberty and ... Limited Government) (Volume 1) The Essence of Liberty: Volume II: The Economics of Liberty (Volume 2) The Essence of Liberty: Volume III: A Universal Philosophy of Political Economy (Liberty: A Universal Political Ethic) (Volume 3) Whining and complaining about inequality is a growth industry. Thomas Piketty’s book (or perhaps a…

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About Land & Livestock Interntional, Inc.

Land and Livestock International, Inc. is a leading agribusiness management firm providing a complete line of services to the range livestock industry. We believe that private property is the foundation of America. Private property and free markets go hand in hand—without property there is no freedom. We also believe that free markets, not government intervention, hold the key to natural resource conservation and environmental preservation. No government bureaucrat can (or will) understand and treat the land with as much respect as its owner. The bureaucrat simply does not have the same motives as does the owner of a capital interest in the property. Our specialty is the working livestock ranch simply because there are so many very good reasons for owning such a property. We provide educational, management and consulting services with a focus on ecologically and financially sustainable land management that will enhance natural processes (water and mineral cycles, energy flow and community dynamics) while enhancing profits and steadily building wealth.
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