Sunday, June 27, 2010

The Stupid Gap

My friends, I hate to seem like my blog channels so few blogs as an aggregator, but some just seem to have it so together they can't or shouldn't be ignored. Glen Reynolds and Instapundit happen to fall into that category today with a super article on wealth distribution. Here's a direct link to the TaxProf article and its links. But here's the heart of the issue:

People who get an education, stay off of drugs, apply themselves, and save and wisely invest their earnings do a lot better than people who drop out of school, become substance abusers, and buy fancy cars and houses that they can’t afford, only to lose them.
How simple can the formula get? Is there any wonder we have witnessed a concentration of wealth in the last few decades?

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