Home
/
RELIGION & LIBERTY ONLINE
/
What Margaret Thatcher understood about income inequality
What Margaret Thatcher understood about income inequality
Apr 4, 2025 8:09 AM

Margaret Thatcher once told an interviewer, “Of course, I am obstinate in defending our liberties and our law. That is why I carry a big handbag.” During her time as Prime Minister, Thatcher’s handbag became an iconic symbol of her ability to handle opponents. The term “handbagging” even entered the Oxford English Dictionary (the verb “to handbag” is defined as: (of a woman politician), treat (a person, idea etc) ruthlessly or insensitively) to describe her rhetorical style.

Thatcher’s handbagging usually occurred during Question Time, the hour every day when members of the parliament ask questions of government ministers—including the prime minister—which they are obliged to answer. A prime example is in her last appearance as Prime Minister in the House of Commons, on November 22, 1990. Liberal Democrat MP Simon Hughes taunts her on the subject of e inequality.

Mr. Hughes: There is no doubt that the Prime Minister, in many ways, has achieved substantial success. There is one statistic, however, that I understand is not challenged, and that is that, during her 11 years as Prime Minister, the gap between the richest 10 per cent. and the poorest 10 per cent. in this country has widened substantially. At the end of her chapter of British politics, how can she say that she can justify the fact that many people in a constituency such as mine are relatively much poorer, much less well housed and much less well provided for than they were in 1979? Surely she accepts that that is not a record that she or any Prime Minister can be proud of.

The Prime Minister: People on all levels of e are better off than they were in 1979. The hon. Gentleman is saying that he would rather that the poor were poorer, provided that the rich were less rich. That way one will never create the wealth for better social services, as we have. What a policy. Yes, he would rather have the poor poorer, provided that the rich were less rich. That is the Liberal policy.

Mr. Hughes: No.

The Prime Minister: Yes, it came out. The hon. Member did not intend it to, but it did.

As Thatcher might say, those concerned with e inequality many not intend for it e out, but making the rich less rich is precisely what they want—indeed, it is the only thing that can solve the faux-problem of e inequality.

Consider the example given by Mr. Hughes that, “the gap between the richest 10 percent and the poorest 10 percent has widened substantially.” To simply the math, let’s say the bottom 10 percent in a country make between $0 and $10,000 a year while the richest 10 percent make an annual e of $100,000. That’s a minimum gap of $90,000 dollars.

Now imagine if the es doubled over a period of 10 years (and inflation stayed low). The poorest 10 percent would now make between $0 to $20,000 and the poorest would make $200,000. Everyone would appear to be better off yet e inequality also doubled. The gap is now $180,000—twice as much as it was a decade ago.

So is this a problem? It would only be a concern under three conditions: (a) if the e of the rich increased at the expense of the poor (through exploitation or injustice), (b) the increase was due to illegal activity, or (c) if you care about e inequality because you want to make the rich less rich, through confiscation or redistribution of e.

Preventing or correcting Condition B is a primary concern of the State while preventing or correcting Condition A is a primary economic concern of individual Christians. There are numerous Biblical injunctions and warnings against the injustice of allowing the rich to exploit the poor. But if that is not occurring, then Christians have no right to be concerned with how much e another person is generating. Jesus even told a parable about workers making different wages for the same work (Matthew 20:1-16). While the purpose of the parable was to teach us about the Kingdom of God rather than a managerial lesson on e parity, it does show that differences of e—even for the same work— is not inherently unfair.

Thatcher intuitively understood what her opponents were loathe to admit: They were less concerned about the plight of the poor than with the wealth of the rich. Even the liberal British expatriate Andrew Sullivan admits this was true of British liberals and socialists:

No culture I know of is more brutally unkind to its public figures, hateful toward anyone with a degree of success or money, or more willing to ascribe an individual’s achievements to something other than their own ability. The Britain I grew up with was, in this specific sense, profoundly leftist in the worst sense. It was cheap and greedy and yet hostile to anyone with initiative, self-esteem, and the ability to make money.

The clip below captures the left-liberal sentiment of the time perfectly. Yes: the British left would prefer to keep everyone poorer if it meant preventing a few getting richer.

Envy, even when is it disguised as egalitarianism, is a deadly sin. It is corrosive to the soul to envy the wealth of one’s neighbor and destructive to society when we desire the State use it’s power to redistribute the wealth of citizens simply to achieve the goal of more equalized es. Ms. Thatcher understood that concerns about e inequality were really about envy. She knew envy was consuming her opponents across the aisle, even though they couldn’t see what was hiding in their own hearts. We need to follow her example and expose e inequality for what it is, before it consumes our own nation as it did Great Britain.

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
ABC’s Nannies & Mommies
One of ABC’s new dramas, Brothers & Sisters, features Calista Flockhart as a hard-hitting conservative pundit named Kitty Walker. Despite its title, the show is not all that family friendly (although it has not yet been rated by the Parents Television Council). But for this post, I won’t be focusing on the questionable social and sexual mores of the show. Instead, I’m going to focus on an aspect of the show’s portrayal of politics. “Politics is about the privilege and...
Adventures in cognitive dissonance
This is one of the images I see on days I drive home from school: Yes, that’s a shared storefront for a health spa featuring “rub downs” and “American” girls, along with an adult “super store.” Nothing untoward about that connection. Nope, nothing at all. And even though it touts “American” girls, this parlor isn’t located in a country like Thailand, which was noted by the US State Department as “a source, transit, and destination country for men, women, and...
The fallacy of Adam’s fallacy
Duncan Foley’s new book, Adam’s Fallacy, is the latest installment among the critics of free-market economics to spin economic history according to the received wisdom of today’s Center-Left intelligentsia. Lest this statement be too harsh, let it be shown that Foley himself reports that his intention in writing the book is not to get bogged down in historical and textual analysis of the key economic texts of the last three-hundred years but to tell his own “imaginatively reconstructed” account of...
Today’s snippet of wisdom
There is no ordering of the state so just that it can eliminate the need for a service of love. Whoever wants to eliminate love is preparing to eliminate man as such. —Deus Caritas Est ...
More dispatches from the fall of Western culture
There’s nothing like a few dreary Michigan winter days to get me into a midwinter funk. And because I’m a nice guy, I thought I’d share some of my funkyness with you, gentle reader. Especially if you’re in a warmer climate. First of all, David Warren notes that the foundations of society in Canada are still under assault: The names of the plaintiffs in that case were suppressed by the court. I would be very curious to know who they...
Making college more affordable?
Higher education is one of those areas—like health care—in which prices are so out of whack because of so many distortions in the market that it’s hard to know just how to go about rectifying the situation. Richard Vedder, a great economist who has done pathbreaking work on the causes of the Great Depression, offers an incisive analysis of a Democratic proposal to lower student loan interest rates. It serves as an excellent case study in the law of unintended...
MLK and Environmental Justice
Environmental Justice Blog: “If Rev Dr Martin Luther King, Jr. was alive today he would be an environmental justice activist.” Perhaps. MLK went to Memphis in 1968 on a mission for black garbage workers demanding equal pay and better work conditions. He was killed before he got there. 15 years later, black activists would stop a hazardous waste landfill in Warren County, North Carolina, often pointed to as the beginning of the environmental justice movement. Are the two related? Sure....
The Issachar Project: The importance of film
Last weekend I had the joy of sharing in a special meeting in Newport Beach, California, that was appropriately named the Issachar Project. This small project is the work, primarily, of my friend Andrew Sandlin of the Center for Cultural Leadership. Andrew is convinced that there must be an intellectual and existential coalition of (1) Christians working in Hollywood and elsewhere in the film industry and (2) serious Christian thinkers in the arts. You may recall that the sons of...
Religious freedom is the solution for Iraq, Prelate says
This is the headline from Zenit on January 18. “Chaldean Archbishop Louis Sako, the archbishop of Kirkuk warns that a division of boundaries will lead to more conflict, with Christians caught in the middle.” “He says ‘a divided Iraq will not be a peaceful Iraq.’ …Archbishop Sako fears that possible plans for a Christian safe haven on the Nineveh plain will not succeed. He said: ‘They would have their own territory, but to be viable, the idea of a protected...
Zandstra on the first 100 hours
Acton senior fellow Rev. Gerald ments on the first 100 hours of the new legislative session in this Associated Baptist Press article by Robert Marus. Zandstra had previously examined one of the core planks in the House leadership agenda, raising the federal minimum wage, in a recent Acton Commentary, “Minimum Wage and Common Sense.” ...
Related Classification
Copyright 2023-2025 - www.mreligion.com All Rights Reserved