Tradeoffs: Economic Growth & Wealth Distribution

From an interview at Pajamas Media, Guy Sorman, a contributing editor for the City Journal:

Economics is always a matter of trade-offs: higher taxes will slow growth, but they can increase equality through wealth redistribution. This has been the dominant European model. If the U.S. opts for more wealth redistribution, we will get less growth. We can’t have it both ways, because resources are scarce.

It's a pretty interesting interview, more broadly on free markets - read the whole thing.