With American heading into decline while the progressive socialist liberal Democrats are welding power comes as no surprise. This has been their dreams for decades, if not generations, of progressive Democrats.
By taking the wealth from the productive and giving it to the unproductive, there by destroying the incentive of the productive to work hard and be successful, and incentivizing the unproductive to enjoy dependence, a huge voter base is established that will be nearly impossible change back .
The Inequality Illusion
Source: Aparna Mathur, "The Inequality Illusion," American Enterprise Institute, September 27, 2013.
October 7, 2013
Are people enjoying better lives today than they did 20 to 30 years ago, asks Aparna Mathur, a resident scholar at the American Enterprise Institute.
In popular perception, income inequality is bad to the extent that it reflects a general worsening of conditions for the common man. When politicians pitch the top 1 percent against the middle income classes, it engenders a belief that somehow the wealthier families are enjoying their comforts at the expense of the middle and lower class families. But is that the truth? Or is it simply the case that the size of the economic pie has grown over time, and while everyone is enjoying the benefits, a larger share of the benefits is going to the top?
Like most Americans, Mathur believes in equality of opportunity and not equality of outcome, which is clearly neither desirable nor attainable. By providing the right framework for growth and free enterprise, so that people can aspire to work, earn and make a good living, we can ensure that America remains a land of opportunity for everyone in society. But to penalize the success of the rich for some strange notion of fairness is to aim for a fundamentally different kind of equality than most Americans care about.
In popular perception, income inequality is bad to the extent that it reflects a general worsening of conditions for the common man. When politicians pitch the top 1 percent against the middle income classes, it engenders a belief that somehow the wealthier families are enjoying their comforts at the expense of the middle and lower class families. But is that the truth? Or is it simply the case that the size of the economic pie has grown over time, and while everyone is enjoying the benefits, a larger share of the benefits is going to the top?
- In general, the findings are that people of all income levels now have access to many more material possessions than they did in the 1980s.
- Moreover, there has been a narrowing of the gap between high and low income classes in terms of ownership of these items.
- It is hard to argue against the improvement in the standard of living that has accompanied these trends.
Like most Americans, Mathur believes in equality of opportunity and not equality of outcome, which is clearly neither desirable nor attainable. By providing the right framework for growth and free enterprise, so that people can aspire to work, earn and make a good living, we can ensure that America remains a land of opportunity for everyone in society. But to penalize the success of the rich for some strange notion of fairness is to aim for a fundamentally different kind of equality than most Americans care about.
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