Home
/
RELIGION & LIBERTY ONLINE
/
What Margaret Thatcher understood about income inequality
What Margaret Thatcher understood about income inequality
Nov 29, 2025 6:32 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
Acton Media Alert: Rev. Robert A. Sirico and Kishore Jayabalan on the Fifth Anniversary of Benedict XVI’s Election
Acton President Rev. Robert A. Sirico and Kishore Jayabalan, the Director of Acton’s Rome office, joined host Al Kresta on Kresta in the Afternoon on Friday along with another guest to discuss the pontificate of Pope Benedict XVI as the world marks the fifth anniversary of his elevation to the papacy; audio of the segment is available via the audio player below. [audio: ...
Pope Benedict: Retrieval and Reintegration
Catholic World Report published a roundup mentary on the fifth anniversary of Benedict’s pontificate. I contributed a piece titled Retrieval and Reintegration and was joined by a number of outstanding writers whose work is indexed here. Benedict’s efforts to let the past inform and guide the Church’s future By Father Robert Sirico On March 18, 2005, having been at the Vatican to speak at a memorating the 40th anniversary of Gaudium et Spes, I found myself concelebrating Mass in St....
Acton on Tap — April 27: Are Tea Parties good for America?
Join us on Tuesday, April 27, at Derby Station in Grand Rapids as we continue our Acton on Tap series, a casual and fun night out to discuss important and timely ideas with friends. This time around, Jordan Ballor & Ray Nothstine will host our discussion and friendly debate on the question, “Are Tea Parties good for America?” Our casual start time is 6pm; The discussion starts at 6:30. Derby Station [view map] 2237 Wealthy St. SE, East Grand Rapids...
Pure and Undefiled Religion
James 1:27 states: Religion that is pure and undefiled before God and the Father is this: to visit orphans and widows in their affliction, and to keep oneself unstained from the world. Last week I had the chance to meet up again with Tom Davis, CEO of Children’s Hope Chest. Hope Chest works with orphans in various countries around the world including South Africa, Swaziland, and Russia. There mission is to advocate a munity munity” partnership model. While many great...
Journal of Markets & Morality, Fall 2009: A Legacy of Stewardship
The latest issue of the Journal of Markets & Morality, vol. 12, no. 2 (Fall 2009) is now fully online. In the editorial for this issue, “A Legacy of Stewardship,” I write of the loss in 2009 of two figures of importance for the Acton Institute: “In the unique matrix of vocation that made up their lives, Lester DeKoster and Karen Laub-Novak have each left this world with a legacy of faithful stewardship, and it is to such that this...
Dear Old Golden Rule Days
There have been many published articles lately about school curriculum, school performance, school choice, and the Obama dictates that are aimed at pumping more money and asserting more control of an already mediocre performing public school industry. In The Wall Street Journal, University of Dallas professor David ments on a revised Texas school’s U.S. History curriculum that has been proposed and awaits approval. It’s caused a stir among the educrates but that’s partly due to a longtime feud between academic...
Colson: Creation and Man
On The Christian Post, Chuck Colson talks about Earth Day and Christian world view in “Creation and Man.” … Christians are rightly concerned that extremists have turned Earth Day into “Worship-Earth Day.” Just listen to a few of these suggestions for Earth Day 2010 that some of the more radical groups are proposing: taking down “global eco-criminals” like Exxon-Mobil; having school kids meditate about the Spirit of Life (that’s “Spirit of Life” with capital letters); seeking international cooperation on reducing...
Chaucer, Eliot and Earth Day
Some Earth Day thoughts, beginning with some reflections on the month of April by two great poets, over at the Mackinac Center for Public Policy. Prior to the inaugural Earth Day in 1970, we witnessed environmental catastrophes of nearly Biblical or World War proportions. Rivers caught on fire, whole species were on the brink of extinction and smog enveloped our cities. One could say a new breed of Man evolved from this morass, emboldened with the conservative spirit of preservation...
Tocqueville on Earth Day?
I know I am a little late on this post, but… This year marks the 40th Anniversary of Earth Day, but if we want to understand its origins, one of the best sources is Alexis de Tocqueville’s master work, Democracy in America and his chapter on Democracy and Pantheism. It’s short, but to the point. It’s also Tocqueville so read it carefully. I found an online version at the University of Virginia’s website. You can read the chapter and the...
Obamacare Prognosis: Not Looking Good
I’m a little slow getting to this–some readers have doubtless already seen media reports–but if you weren’t yet aware of the Obama Administration’s actuaries’ study of the probable effects of Obamacare (released last Thursday), you should be. Our friend, Grace-Marie Turner of the Galen Institute presents the lowlights at NRO. Among the predictions: Tens of billions of dollars in new fees and excise taxes will be “passed through to health consumers in the form of higher drug and devices prices...
Related Classification
Copyright 2023-2025 - www.mreligion.com All Rights Reserved