There is a narrative that we must fight inequality by raising the minimum wage, raising taxes and redistributing wealth. Yaron Brook, executive director of the Ayn Rand Institute, suggests that this narrative is wrong and that the real threat to the American Dream is an all-out war on success. Brook coauthored the book Equal is Unfair: America’s Misguided Fight Against Income Inequality, and joined the Federalist Radio Hour to explain how free markets and limited government can save the American Dream.
Brook explained how entrepreneurs and inventors took America from their poor collection of colonies in 1776 to the most robust economy in the world by 1914. “It’s the system of government that the founding fathers set up in 1776, and later with the constitution, that made it possible for entrepreneurs from all over the world to come to the United States and take advantage of the opportunities that freedom allowed them.”
Brook described many of the policies and initiatives under Clinton, Bush and Obama that have been destructive to the economy. “Almost all government policies over the last few decades have created a worse situation for American business and therefore a worse situation for the American worker,” he said.