With the Super Bowl over, President Barack Obama this week unveiled a federal budget proposing tax hikes on the wealthy and policies that would aid the less fortunate. Many Republicans immediately condemned the proposals as unfair and socialistic. Representative Paul Ryan called Obama's ideas "envy economics" and said it was wrong to impose new taxes and regulatory burdens on the most enterprising people in society.
Yet the GOP criticisms ignore the fact that one of the most successful sectors in American society bases its business model on the principles of redistribution from rich to poor, fair competition, and explicit regulation of personal and business conduct. That, of course, is the National Football Lea...Read more