HeadLocke 041: The morality of wealth defended

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HeadLocke 041: The morality of wealth defended

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Both New York Mayor Bill de Blasio and the Wall Street Journal recently issued dubious comments about the morality of wealth. De Blasio argued that too much American wealth sits in the “wrong hands,” while WSJ editors defended the wealthy because of their many acts of charity. In a recent Carolina Journal column, John Locke Foundation Senior Economist Roy Cordato explained why both the mayor and the newspaper editors are wrong. Hosts Mitch Kokai and Kory Swanson question Cordato about his take on wealth and morality.

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We are North Carolina’s Most Trusted and Influential Source of Common Sense. The John Locke Foundation was created in 1990 as an independent, nonprofit think tank that would work “for truth, for freedom, and for the future of North Carolina.” The Foundation is named for John Locke (1632-1704), an English philosopher whose writings inspired Thomas Jefferson and the other Founders.

The John Locke Foundation is a 501(c)(3) research institute and is funded solely from voluntary contributions from individuals, corporations, and charitable foundations.