Income Inequallity & Twisted Ankles

For example, the most frequent solution to income inequality, and the one advocated by Krugman in nearly every interview about his book, is higher taxes on those at the top of the income scale.

While this may give the appearance of lessening inequality, in actuality it does very little. Essentially, it is equivalent to twisting
the ankle of the fastest runner in the world in an attempt to make other runners faster. In no way does this make other runners faster.

Indeed. Read the whole article