Quote by Arthur C. Brooks

We will have bigger bureaucracies, bigger labor unions, and bigger state-run corporations. It will be harder to be an entrepreneur because of punitive taxes and regulations. The rewards of success will be expropriated for the sake of attaining greater income equality.

We will have bigger bureaucracies, bigger labor unions, and

Summary

This quote suggests that in the future, there will be a tendency towards larger bureaucratic systems, stronger labor unions, and increased influence of state-run corporations. The implication is that such developments will make it more challenging for individuals to start and run their own businesses due to high taxes and strict regulations. Furthermore, it suggests that successful individuals may face higher levels of wealth redistribution in the pursuit of achieving greater income equality. Overall, the quote hints at a potential shift towards a more regulated and redistributive economic environment.

Topics

Equality

By Arthur C. Brooks

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