Boyd

Our economy is not a zero sum game. My gain does not mean your loss or vice-versa. I know of no evidence that increases in the incomes of the top 1 percent of our population are the root cause of the challenges faced by those at the other end of the distribution. Over the last full business cycle, the incomes of rich and poor moved in the same direction. I suspect that for every Robert Nardelli or Hank McKinnell there are far more people like Tiger Woods, Steve Jobs, Oprah Winfrey, or Bill Gates, whose skills, vision, and effort allowed them to burst out of the pack of us ordinary 99 percent. But in doing so, the value of the goods and services they create for us greatly exceeds the earnings they receive. That is the consequence of our market economy...