Rich And Poor Get Richer
Everywhere people trash capitalism. It’s become the punching bag of choice because people don’t understand it. Popular refrains are: The rich always get richer, or capitalism funnels all the money to the top one percent.
Appearing on the John Stossel podcast, economist Dan Mitchell sets the record straight and busts the ridiculous ideas about rich entrepreneurs, income inequality and monopolies. Says Mitchell, “The rich get richer in a capitalist society, but guess what? The rest of us get richer as well.” Here more with Stossel and Mitchell.
