True conservatives are not complacent about inequality. They understand only too well that a capitalist economy must soon lose legitimacy if the benefits of economic growth flow only to a tiny elite.
Consider these stark facts.
Adjusted for inflation, the income of the average American male has essentially flatlined since the 1970s, according to figures from the Census Bureau. The income of the bottom quarter of U.S. families has actually fallen. It’s been a different story for the rich, according to recent work by Berkeley economist Emmanuel Saez.
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