Source: Ludwig von Mises Institute
by Connor O’Keeffe
“[B]oth progressives and conservatives show a complete unwillingness or inability to distinguish between those who got rich by genuinely creating value that left society as a whole better off and those who are getting rich by expropriating wealth through force. Establishment conservatives will often agree that some businessmen and companies engage in rent-seeking or work with government regulators to protect themselves from competition. But they’ll usually write that behavior off as an isolated issue that in no way defines the economic status quo in the US. But it’s a major factor. The government has been intervening heavily in the economy on behalf of well-connected companies for at least the last century.” (05/13/26)
https://mises.org/mises-wire/progressives-and-conservatives-are-wrong-about-taxing-rich