In the second video produced in conjunction with New York City’s 92nd Street Y, Senior Fellow Richard Epstein analyzes redistributive remedies for perceived income inequality. It is not possible, Epstein believes, to make the poor richer by making the rich poorer. Increased taxation at the top end of the income scale, he maintains, reduces investment, which reduces opportunity and prevents real wages from increasing. Entitled American Conversation Essentials, the video series features Hoover senior fellows delving into a broad array of topics, from economics to national security.
