David Brooks Is Right, but He's Also Wrong

Okay, I'm stealing from Paul Krugman today. Brooks' column today points out that modest redistributional measures implemented by Obama don't amount to a hill of beans next to the enormous upward redistribution going on in before-tax income. The restoration of Clinton era tax rates at best take away 2-3 years of growing inequality of before tax income.

Where Brooks is out to lunch is when he tells readers:

"On the one side, there is the meritocracy, which widens inequality."

That one is more t...