DIGG THIS Sen. John McCain’s fulminations against President-elect Barack Obama’s socialism or infatuation with redistributing wealth were as risible as would be former President Bill Clinton lecturing Pinocchio on the evils of mendacity. For the last century, both the Republican and Democratic parties have embraced the morality if not the economic wisdom of the progressive income tax and government spending to redistribute wealth. The parties differ in inches as how much redistribution would be morally or economically optimal. But the Republican and Democratic orthodoxy – held as fervently as the geocentric theory of the universe before Copernicus – are wrongheaded. … Continue reading Redistribution Blather