The other way around, actually.
The following explanation is taken from Columns: The Fascist Epithet by Mack Tanner:
"While [economic equality] is an appealing idea, the reality is that as government goals, freedom and economic equality are mutually exclusive. When people are free, those with greater intellectual capacities, creative abilities, physical prowess, initiative, or good luck will probably end up with the most economic wealth. The only way a government can create economic equality is to take wealth forcibly from the most productive members of society and redistribute it to less productive citizens. The economically successful lose their freedom so that the un-successful can share the wealth. The more economic equality the government guarantees, the more it must restrict the freedoms of its most productive people."
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