The issue of inequality isn’t what many people think it is. Ramesh Ponnuru joins us to explain how to properly think about inequality and income mobility, and why tax increases and massive expansions of federal regulations do less to move people out of poverty and only increase wage stagnation, income immobility, the poverty rate, housing costs, student loan debt, and more. Ramesh and I discuss solutions that could actually benefit people who live in destitution, such as vocational training, occupational licensing reform, and the Earned Income Tax Credit.

Ramesh is a senior editor for National Review, a columnist for Bloomberg Opinion, a visiting fellow at the American Enterprise Institute, and a senior fellow at the National Review Institute. Follow him on Twitter at @rameshponnuru for more amazing facts and ideas.