One of the great political and economic challenges of our time is figuring out the balance between wealth that benefits society and wealth that distorts.

The America that I think most Americans would want, most economists on the right or left would want, is one in which a smart, ambitious, hardworking person without a huge amount of resources has a pretty good shot, in the end, of beating out a less smart, less ambitious, less hardworking rich person.

We can fight over what the taxation levels should be, but the tax system should be very, very simple and not distortionary.

Adam Davidson Quotes