It is possible to successfully maintain a free market economy while taking various measures to keep inequality in check. The chief problem is that millions of American youths don't get a fair or equal start. Public schools funded on the basis of local property taxes are a denial of America's promise of equal education. Higher education is more important than ever as a ticket to economic security. In Opposition to Choice 3 Larger economic incentives do not necessarily translate into faster economic growth.
Income inequality is the source of the nation's most corrosive problems.
There is less social mobility in the United States than there was a generation ago. Moving toward an economic system in which rewards are based on people's needs would undercut capitalism and hobble economic growth. The income spread between rich and poor is largely a result of unavoidable structural changes in the labor market. Large-scale income redistribution requires a more intrusive government than most Americans are prepared to accept. In the name of equalizing opportunity, unproven and expensive public initiatives will be funded.