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Tuesday, January 21, 2014

Former Reagan Adviser David Malpass: Big Government Makes Income Inequality Worse

While progressives favor a bigger government to solve the income inequality problem, that would just add to it, says David Malpass, president of Encima Global research firm and former adviser to Ronald Reagan.

"Washington's increased size and power has concentrated income and wealth in fewer hands," he writes in The Wall Street Journal.

"Making government bigger will exacerbate this problem. It is already too big, intrusive and expensive to allow a robust economy that benefits everyone," wrote Malpass, deputy assistant Treasury secretary in the Reagan administration and deputy assistant secretary of state in the George H.W. Bush administration.

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