Elon Musk: Visionary or Rent-Seeker?

People don't mind income inequality if it results from hard work and creativity; they object if it results from government favors.
Is this man a brilliant innovator or a master at profiting from government? Photographer: Simon Dawson/Bloomberg

Income inequality has been a big theme in U.S. politics and economics recently. We discussed a mathematical anomaly about the 0.01 percent earlier in the month. A number of folks have offered up defenses of the wealthiest Americans, but they seem -- like this rote piece from former Council of Economic Advisers Chairman Greg Mankiw -- half-hearted and wimpy.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.