Carl Icahn: Laws Caused Income Inequality
on Friday, October 23, 2015Carl Icahn Money Quotation saying that government and politicians wrote and passed laws that lead to income inequality, but refuse to legislate it now. Carl Icahn said:
“Politicians argue that government should not interfere with the ‘business judgment’, of our companies and, therefore they cannot pass laws to encourage ‘income equality.’ … the sad fact is that the government has actually passed many laws that have brought about ‘income inequality'” — Carl Icahn
In this quote, Carl Icahn is criticizing the argument made by some politicians that the government should not interfere with business decisions or pass laws aimed at encouraging income equality. Icahn acknowledges that on the surface, this stance seems to promote less government interference in the free market.
However, he then points out the hypocrisy by stating that in reality, the government has already passed numerous laws over time that have directly contributed to rising income inequality between the wealthy and ordinary workers.
Icahn appears to be implying that if politicians are going to defer to business judgment and not enact equality-promoting laws, they should also repeal existing legislation that has skewed the system to benefit some corporate interests and executives over average employees.
Overall, the quote suggests Icahn believes the government cannot claim neutrality on this issue since it has actively shaped outcomes through prior lawmaking.
Birthday: February 17, 1889 – Death: November 29, 1974