Opportunity, not entitlements, is the path forward
There has been much discussion about income inequality recently. President Obama seems to think that we can make significant progress in eliminating poverty by raising the minimum wage, as his State of the Union address highlighted.
Many hope that through a simple declaration, the poor can be elevated to a higher social status. Such people fail to realize that pay is associated with value — otherwise, we could just pay everybody $1 million a year and let everybody be rich.