Income inequality

I've never understood the democratic class warfare stump speech pointing out the widening income disparities between the rich and poor.

If I make $50,000 a year, how is my life impacted directly or indirectly by my neighbor who makes $50 million a year? The way I look at it, the guy pays the taxes that I don't have to pay.

Bloomberg has a profile on Paul Krugman, socialist columnist for the NY Times. The title is a misnomer "Krugman veers to the Left...... (In order to veer left don't you have to be right at some point?). Krugman is a big fan of redistributing other people's wealth.

Krugman is supposed to be an economist, but somewhere he missed Econ 101 - the Supply/Demand Curve.

So Paul, up above you'll see a slight variation of the Supply-Demand Curve. It shows the correlation between income and marketable skills. You'll see that as your marketable skills increase, your income increases. Notice the importance of "marketable skills". Being able to rack up 3 kajillion points on a video game does not constitute "marketable".

But to some degree I can understand why Krugman ignores this. After all, with the advent of the internet, he gets paid for opinion pieces some accountant in Cincinnati will do for free. It shouldn't be long before Krugman has to actually prove that his skills as a bad pundit are marketable.