Posted on 01/05/2014 4:23:09 AM PST by IbJensen
Do a Google News search for income inequality and it will remove any doubt that this is already the political issue of 2014.
The left has been gearing up for months. The liberal Center for American Progress launched a new center devoted to the subject, and President Obama has been making it a centerpiece of his speeches.
Get ready to hear about fairnessbecause some people make more money than others, and this isnt fair. How can you sit by and watch this happen? What is the government going to do about it?
Its a popular argument because everyoneeven Warren Buffettwants to make more money. When someone tells you that what youre being paid isnt fair, its easy to agree. And if that someone tells you that you can march in a protest and instantly make more moneywell, thats a lot quicker and easier than working toward your next promotion.
Quick and easythats the allure of the lefts argument. But there are two things you should know about it.
1. Its too good to be true.
The income inequality outrage is based on the idea that the people at the bottom of the economic ladder are stuck there indefinitely. But America isnt Downton Abbeyyoure not stuck in the place where you were born. The chauffeurs son can become whatever he wants to be in America.
This uniquely American advantage is called mobility. People can move upand downthe income ladder. In fact, the recent rise in income disparities has not caused a decline in upward mobility, reported Heritages Rea Hederman and David Azerrad in an in-depth study of the issue. They debunked the foundation of the lefts assumptions:
Standards of living have increased for everyoneas have incomesand mobility, however one measures it, remains robust. Simply put, how much the top 1 percent of the population earns has no bearing on whether the bottom 20 percent can move up.
A focus on minimum-wage workers can also be a red herring. Heritages James Sherk and John Ligon note that Over two-thirds of workers starting out at the minimum wage earn more than that a year later.
2. It hurts people.
The lefts income inequality argument has a sad and destructive irony: If its made into public policy, it makes it more difficult for people to get a job and achieve their American Dream.
President Obama and his allies in Congress are already pushing for a minimum wage increase in the new year. Heritages Sherk and Ligon are very clear when it comes to the possible consequences of doing this: It would force employers to curtail hiring.
Less hiring. Fewer job opportunities. That does not help the men and women looking for work, who need to put food on the table and shoes on their kids feet.
The New York Times notes, however, that the issue of the minimum wage could help liberal politicians looking for voter turnout in the upcoming midterm election. And thats all it is: a political ploy that manipulates Americans in the name of power.
At Heritage, wed rather fling open the gates of opportunity and let Americans run toward the jobs they wantand the future they wantwith nothing holding them back. Thats what well be working for in 2014. Happy New Year!
Are you suggesting vacation equality or all? Im waiting for my Hawaiian vacation from our federal government. Oh, and beauty equality? Id like that facelift and liposuction surgery before I head off to Hawaii. In fact Id like to get paid 1000 a day to model. It would be unfair to deny me just because I dont look like a model.
Just the hypocrisy of the BSer-in-Chief, and that of limousine/Learjet lefties in general.
Income Inequality = Change
Any time the left brings up “income inequality,” remind them that the DC area has nearly double the median income of the rest of nation. Maybe mention the “Hunger Games”.
I couldn’t agree with you more. Since hypocrite in chief came to be, our Hawaii vacations have ceased to exist. The least he could do is go camping an hour from home. For equality.
With the multi-millions paid to movie stars their explanations will make for good reading...:^)
Ping
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