"Income inequality." Here we go again.

A while back I read in the WSJ :

A distinguishing feature of the U.S. economy of the past quarter-century is a sharp increase in economic inequality. No matter how you slice the data, very well-paid folks have done better than the rest.

True enough.

Also true but not often mentioned is that incomes of those at the lower end of the income scale have, in inflation adjusted terms, increased significantly in the past quarter century.

But that’s not good enough for some who are "troubled by income inequality.” The WSJ says their “analysis” has led them to propose two “solutions:”

If their analysis is right, the only way to restrain inequality is to tamper with the market by raising the minimum wage or lifting taxes at the top (which isn't to say all these scholars advocate either).

Raise wages and tax “the rich” until everyone's income is about the same.

Didn’t Britain try that in the late 40s, 50s and 60s?

Isn't income leveling what the Communists always promise to do?

And today, the governments of Cuba and North Korea proclaim it as state policy, don't they?

Time for better ideas.