Inequality Fraudsters

The National Review reports:

if your assumption here is that this is about redistribution, then you should want the billionaires’ incomes to go up, not down: The more money they make, the more taxes they pay, and the more money you have to give to the people you want to give money to, e.g., overpaid, lazy, porn-addicted bureaucrats. Maybe you think that the tax rates on the rich are too low, especially given that the very rich tend to have income taxed at the capital-gains rate rather than at the much higher income-tax rate. Strange that when Democrats had uncontested power in Washington — White House, House, and Senate — they did not even make a halfway serious effort to change that. It’s almost as if Chuck Schumer has a bunch of Wall Street guys among his constituents. The tepidness of our national economic-policy leadership suggests very strongly that we are living in a Gelded Age, not a gilded one.

Paul Krugman doesn't like the Gilded Age because there was no federal income tax. Without a federal income tax: you can't yell how unequal things are because you don't know.