We worry about growing inequality and the dwindling middle class, and advocate various policies to reverse these trends. And yet at the same time, we talk about reducing or eliminating the tax deduction that does the most to promote a more equal distribution of economic well-being.
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A woman walks past a television screen showing a news broadcast of a North Korean military parade showcasing a record number of nuclear and intercontinental ballistic missiles in Seoul on February 9, 2023. (Jung Yeon-je/AFP via Getty Images)