It has now been 30 days since my Wall Street Journal article on Oxfam appeared. So I have permission to run the whole thing below. A War on the Rich Won't Help the Poor Oxfam notes that poverty has declined sharply, then ignores the quickest way to reduce it even more. The antipoverty charity Oxfam recently published a 76-page report, "Reward Work, Not Wealth," that advocates taxing the rich to reduce inequality and help the poor. But the report's conclusions contradict its empirical findings. Early in the document, the authors write: "Between 1990 and 2010, the number of people living in extreme poverty (i.e. on less than .90 a day) halved, and has continued to decline since then." A few sentences
David Henderson considers the following as important: Income Distribution
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