Home
/
RELIGION & LIBERTY ONLINE
/
What Margaret Thatcher understood about income inequality
What Margaret Thatcher understood about income inequality
Jan 10, 2026 3:22 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
Three Years After Chinese Communist Crackdown, Hong Kong Continues to Suffer
Despite a push to draw young talent back to the city, Hong Kong is suffering grievously as the Chinese Communist Party crushes civil rights, pursuing dissidents even beyond its borders. Read More… At the end of August, the Hong Kong government charged a Cantonese language group with “threatening national security.” The latter had posted online an essay, cast in the form of fiction, that emphasized the city’s loss of liberty. Andrew (Lok-hang) Chan, who headed Societas Linguistica HongKongensis,explained thatthe group,...
Negotiating with a Domestic Extremist
A new book wants to be a slam-dunk take-down of feminism and hook-up culture. But whatever its good intentions, an overly rosy picture of its “trad” opposite does young women—and men—no favors. Read More… Domestic Extremist: A Practical Guide to Winning the Culture War by Peachy Keenan—a pseudonym used by a seriously Catholic humorist deep in the bowels of blue California—is a heated polemic about how feminism has failed women and how they can take back their lives and femininity...
Hope and Opportunity for Formerly Incarcerated Women
The Lovelady Center in Alabama is proving a model for care when es to women released from prison. Faith-based and holistic, it is showing results and providing hope in ways government-run agencies simply cannot. Read More… Each year, over 80,000 women are released from state prisons. Within five years, around half of these women are predicted to return. Most of them experienced childhoods sabotaged by violence, sexual abuse, trauma, and broken families. Many are battling addiction and mental health disorders....
Elisabeth Elliot and the Mystery of Divine Providence
Bestselling author Ellen Vaughn (The Jesus Revolution) has just brought out the second volume of an authorized biography of Elisabeth Elliot, who was, and remains, an inspiration to evangelical Christians around the world. Read More… With over 24 books to her credit, renowned biographer and New York Times bestselling author Ellen Vaughn is out with her second volume on the life and work of Elisabeth Elliot, the noted Christian author, speaker, and philosopher who died in 2015 after a 10-year...
When the Church Becomes the State
A new book challenges the revived threat of “integralism,” which would seek to use the coercive power of the state to enforce religious canon law. This is bad not only for civil and human rights but also for religious faith. Read More… Until a few years ago, I was not even familiar with the term “integralism,” which refers to the Catholic political doctrine that calls for the subordination of the state to the church. As a believer from the Islamic...
“Rich Men North of Richmond” Is Whatever You Want It to Be
Oliver Anthony’s controversial #1 Billboard hit stands in a long line of protest songs. But doth he protest too much? Read More… A song addressing such salient political issues as currency debasement, the displacement of miners in our green economy, and the Fudge Rounds Question achieved a feat Taylor Swift’s “Anti-Hero” and Miley Cyrus’s “Flowers” could not. Oliver Anthony’s “Rich Men North of Richmond” hit #1 on the Billboard Hot 100 for the second consecutive week. It looks unlikely to...
Baseball at the Abyss
The recent controversy over the anti-Catholic group hosted by the L.A. Dodgers recalls scandals of baseball’s past. Yet the all-American game always manages to bounce back. You can thank great performances on the field—just don’t forget the fans. Read More… On June 16, some 2,000 people gathered outside Los Angeles’ Dodger Stadium to protest the team’s having chosen to honor, on the field before that night’s game, a group whose core mission and purpose is the open mockery and parody...
Student Loans and the Sin of Usury
President Biden’s attempts to erase large portions of student loan debt miss the larger moral picture. Read More… A new school year has just begun, and students and their parents are faced once again with the high cost of higher education. The Supreme Court ruled President Biden’s executive order on student loan forgiveness unconstitutional. Undeterred, the president has since expanded e-based repayment. Predictably, Democrats defended it and Republicans attacked it. Meanwhile, many continue to struggle with student debt. Tuition has...
What Does the Bible Really Teach?
Catholics and Protestants have long been at odds over how to interpret Scripture. What role do tradition, the Church Fathers, and ecumenical creeds play? Or is the Bible alone sufficient ing to “the knowledge of the truth”? The editor of First Things has a few suggestions. Read More… Protestants classically believe in sola scriptura, but they also know that some Protestants have conjured exotic beliefs based on appeals to the Bible alone. At a Baptist church where I was once...
The Countess of Huntingdon: Challenging the Established Church
Selina, countess of Huntingdon, cared about one thing more than any other: that the gospel of Jesus Christ be preached freely. She was willing to take on the Church of English itself to ensure it was done. Read More… Among the central figures of the British evangelical revival that we have been revisiting is Selina, Countess of Huntingdon, (1707–1791). She was a source of finance and a steadying influence, and through her aristocratic connections Selina provided opportunities for the preaching...
Related Classification
Copyright 2023-2026 - www.mreligion.com All Rights Reserved