Politicians (mostly left leaning) have for years harped on the dangers and social injustice of income inequality and are forever suggesting we "level the playing field" by compelling through taxation etc. the "rich" to "pay their fair share". Would you please analyze economically the benefits and drawbacks of such a strategy. Perhaps also discuss why the inequality occurs in the first place. Talent may be distributed on a bell curve but outcomes follow the Pareto curve. Why? Perhaps this is your opportunity for a future Nobel!