Home
/
RELIGION & LIBERTY ONLINE
/
Income Inequality: You Can’t Handle The Truth
Income Inequality: You Can’t Handle The Truth
Nov 17, 2024 9:37 PM

The rich get richer and the rest of us…well, we struggle along. Shouldn’t those with more money be spreading it out a bit more? My coffers clink with spare change; I sure could use some of that money. It only seems fair, right?

Peter Morici, at Breitbart News, tackles the truth of e inequality. Those of us in the “rest of us” category are getting crushed by monopolies, unjust taxation, and political corruption. That, Morici says, is the truth of e inequality. It’s so bad that Vermont Senator Bernie Sanders pared our situation to that of Russia, and a lot of folks nodded their heads in agreement.

Vermont Senator Bernie Sanders (I) recently asked Federal Reserve Chairwoman Janet Yellen “are we still a capitalist democracy or have we gone over into an oligarchic form of society in which incredible economic and political power now rests with the billionaire class?”

Russia’s oligarchy has two salient characteristics. The government uses its power to regulate markets to concentrate wealth in the hands of an influential few, while most of its citizens stay poor by western standards.

Morici examines, as an example, Comcast. pany acts as a monopoly, and the federal government greased the wheels by prohibiting any regulation by local governments. To make matters worse, Comcast is proposing a purchase of Time Warner Cable; the monopoly grows.

Our banking system is suffering much the same fate. Dodd-Frank reforms have put so much financial strain on small banks that they can’t afford to operate, and thus sell out to larger banks. That means we not only lose our friendly local banker, but CDs don’t get us much, and it’s harder and harder to get a mortgage or loan. Obamacare, Morici points out, is the same: the creation of a monopoly – a huge national healthcare business, overseen by the federal government, with little or no local control. It is also pushing the cost of health care and medications higher and higher.

But it’s all okay, our politicians tell us: they’ll make up for it all by generously giving out food stamps and subsidized health care. We can’t own a home, but we won’t go hungry. No worries.

The “rest of us” aren’t happy with President Obama and his economic leadership, but the professionals tell us not to dwell on it too much. They know what they’re doing:

The economics posed mostly of left leaning academics–is enamored with French economist and author Thomas Piketty’s thesis, in the new bestseller, “Capital in the Twenty-First Century,” that growing inequality is the natural e of capitalism and confiscatory taxes are the answer.

Both notions are wrong.

Washington corruption–in the pattern of Vladimir Putin–is driving inequality and sinking family es. Higher taxes may catch your family doctor in the near future but politicians will still find a way to exempt their supporters among the very wealthy.

Politicians offering ordinary voters a free ride on taxes, subsidized health care and other enticements are really picking their pockets by giving the country away to the oligarchs.

The truth about e inequality? It’s not greedy business folks hoarding their money from the rest of us. It’s a carefully constructed political plan meant to serve power-hungry pols. The “rest of us” need to remember this lesson when we head to the voting booths the next time.

Read “The Terrible Truth About e Inequality” at Breitbart News.

Comments
Welcome to mreligion comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
RELIGION & LIBERTY ONLINE
Our Sad Sex Economy
As much as progressives balk at the “imposition” of religious morality and the church in public and social spaces, secular humanism’s moral relativism is not working in America and continues to leave children vulnerable to profound evil. For example, the Urban Institute recently released a report on the economy of America’s sex industry — and the numbers are astounding. The Urban Institute’s study investigated the scale of the mercial sex economy (UCSE) in eight major US cities — Atlanta, Dallas,...
A Father’s Lesson in Being Rich
Daniel Yam brings us a story of a boy who is not proud of his father, until he learns what it really means to give without expecting anything in return. (Via: Neatorama) ...
The Freedom for Patient, Faithful Service
Buried in a note in my book about the economic teachings of the ecumenical movement is this insight from Richard A. Wynia: “The Lord does not ask for success in our work for Him; He asks forfaithfulness.” This captures the central claim of Tyler Wigg-Stevenson’s book, The World is Not Ours to Save: Finding the Freedom to Do Good (IVP, 2013), which I review over at Canon & Culture. As Wigg-Stevenson puts it, “Our job is not to win the...
Whose Higher Ed Bubble Will Burst?
College Freshman Consider the following (emphasis added): “Higher education is an industry in danger,” says Clayton Christensen, the Harvard Business School guru and a senior advisor (unpaid) at Academic Partnerships. “It’s very plausible to say that 15 years from now half of the universities that exist will be bankrupt and in some fundamental way facing extinction and the need to totally change themselves.” (Caroline Howard, “No College Left Behind,” Forbes, 2/12/14) Richard Lyons, the dean of University of California, Berkeley’s...
Bill Gates on Poverty and Inequality
In a recent interview with Rolling Stone, Bill Gates — the richest man in the world — shares his thoughts on poverty and inequality: Should the state be playing a greater role in helping people at the lowest end of the e scale? Poverty today looks very different than poverty in the past. The real thing you want to look at is consumption and use that as a metric and say, “Have you been worried about having enough to eat?...
‘Stop Being Poor’
Admittedly, “stop being poor” sounds a bit like “let them eat cake.” The remark was made by Todd Wilemon, a managing director at NYSE Euronext, when he was asked what people should do if they could not afford health insurance. “Stop being poor,” was his answer. Callous? Crude? Mean? Not really. Kevin D. Williamson explains how the ineptly-named Affordable Care Act isn’t providing insurance for all who can’t afford it. Appropriating a certain amount of money and labeling it “health...
Scarlett Johansson, Oxfam, and ICCR Shareholders
Enough time has passed for this Denver Broncos fan to address a kerfuffle surrounding this year’s Super Bowl. I’m writing, of course, about Hollywood siren and liberal activist Scarlett Johansson, who appeared in a Super Bowl mercial to the chagrin of international charity Oxfam for which the otherworldly beauty served nine years as official spokesperson. Oxfam, listed in the Interfaith Center for Corporate Responsibility’s 2014 Proxy Resolutions and Voting Guide “Guide to Sponsors,” told Johansson she had to choose between...
The Blight Of Worklessness
Work is good. It gives meaning and purpose to our lives. It affords us an avenue for our God-given talents. It provides our e, gives service to others, and fashions our society. We are, in God’s image and likeness, workers and creators. Reihan Salam and Rich Lowry, at National Review Online, are talking about the need for work; not just jobs, but work – real, meaningful work. In their discussion, they note that the Democratic party (the “blue collar” party)...
5 Facts About Patrick, the Indiana Jones of Saints
An aristocratic British teenager is kidnapped by pirates, sold into slavery, escapes and returns home, es a priest, returns to his land of captivity and face off against hordes of Druids. Here are five facts about the amazing life of St. Patrick, the Indiana Jones of Christian saints: 1. Taken from his home in southern Britain, Patrick was captured by pirates in A.D. 405 when he was only sixteen years old and sold into slavery in Ireland. He would spend...
Charles Koch on Cronyism
You are unlikely to find a pair of siblings who are both as admired and reviled as the Koch brothers. Charles and David Koch are billionaire philanthropists, heads of the nation’s second largest pany, and activists who promote libertarian causes. To many on the right, the brothers are virtuous champions of liberty. To many on the left, the duo is the greatest threat to humanity since global warning (which some on the left would directly attribute to the Kochs). Both...
Related Classification
Copyright 2023-2024 - www.mreligion.com All Rights Reserved