Monday, August 22, 2011

Is Economic Inequality a Big Deal?

1 comment:

Anonymous said...

The premise has always been that wealth inequality is a result of a zero sum game, where the poor are poor because the rich are rich.

The party of smart people need to do a better job distinguishing between wealth creation and wealth redistribution.

If an entity creates wealth by making a unique product and charging a fair price, leave them alone. They are helping everyone. If an entity is doing no other service other than redistributing wealth, they should be stopped.

The former tends to be 99% of legitimate private businesses. The latter tends to be muggers, wall street shiesters, and governments. Even if redistibution is from rich to poor, there are usually many self appointed re-distributors getting very rich at the expense of less well-off. George Soros would be a perfect example.