President Obama on several occasions has made critical statements that our capitalist economic system has so aggravated the degree of income inequality in America that this is now the “most pressing issue of our age.” The President has even warned Congress that if they are not willing to pursue remedies to this inequitable situation, he would use his Executive Powers to redistribute the flow of income in our economy.
This makes one wonder whether our federal government can produce a credible claim that it could equalize American income flows across families, especially when many current examples of public policy appear to benefit a privileged few at the expense of the general tax payer. A quick look at federal agricultural policy is quite revealing.
Continue reading Equality of Income and Largesse of American Rice