To what extent is greed to blame for income inequality?
Graham Spriggs commented
Following the announcement of the UK election I have got into a heavy debate with a colleague over the taxation applied to the "rich" and "poor". My colleague is all for taking the rich hard and redistributing income to the poor. I think this amounts to a tax on success and ascribe to some of the thoughts of Thomas Sowell in that income redistribution is problematic. Besides which I think defining what it is to be poor is as tricky as what it is to be rich. Any thoughts?