Inflation Nation

[Pro-Life]

Tales Of Cobras, Windows, And Economic Promise; Part 2
by Tyler Durden - Wed, 11/11/2020 - 14:23

https://www.zerohedge.com/markets/tales-cobras-windows-and-economic-promise-part-2?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+zerohedge%2Ffeed+%28zero+hedge+-+on+a+long+enough+timeline%2C+the+survival+rate+for+everyone+drops+to+zero%29

Summary
What started in 1992 as a seemingly noble idea to shrink the wealth gap and income disparity now quite clearly has only made the problem worse. Poorly thought-out legislation hurt productivity growth, economic trends, and the prosperity of almost every citizen.

The solutions for solving some of our economic woes are neither complex nor difficult. They will, however, require sacrifice to establish proper incentives. Much of that sacrifice falls on the top 1% who benefit the most from an artificially inflated stock market.

As we hope you will notice with this series of articles, the rationale and justification for addressing a problem are often well-founded. Still, the resulting incentives borne out of the “solution” can lead to viperous unintended consequences.