Home
/
RELIGION & LIBERTY ONLINE
/
What that viral ‘wealth inequality’ video gets wrong
What that viral ‘wealth inequality’ video gets wrong
Dec 31, 2025 9:00 PM

Globalization does not merely mean petition; it also means that the best minds from around the world can collaborate and, when necessary, correct one another’s conclusions. Scientists rely on this interplay of minds but so do other disciplines, not least economics, where clear thinking is perpetually in short supply.

A foreign free-market think tank has made a e critique of a viral video titled “Wealth Inequality in America,” which has racked up more than 20 million views on YouTube.

The video – recited by a man with a Southern drawl, perhaps to make its viewpoint more palatable outside the Ivy League – has three parts. It begins by reporting a survey asking Americans how much wealth they believe each sector of Americans should own in an ideal world. Next, it reports how much wealth Americans believe each group has. The fact that these two don’t match is cited as proof that “the system is already skewed unfairly” towards the wealthy.Finally, it reports actual wealth distribution in the United States.

At one point, it mocks “The ‘Dreaded’ Socialism,” which the narrator describes as a situation in which “all the wealth of the country distributed equally.” That seems a peculiar explanation, since that’s not how wealth is distributed in socialist countries. But that is far from its only failing.

The Fraser Institute, which is based in Canada, found the video so erroneousthat it dedicated an entire appendix of its recent report on wealth inequality to the video. After deeming it “superficial and somewhat dishonest,” author Christopher Sarlo writes:

In several parts of the video there is confusion between wealth and ee. …For example, there is a poverty line (which is e-based) right in the middle of a wealth chart. …

The fact that Sweden actually has almostthe same level of wealth inequality as the United States did not stop the authors from concluding that “most Americans prefer Sweden”. …

Finally, the video contained not a whisper about the life-cycle effect. Were respondents made aware that even in a highly egalitarian society (where everyone has exactly the same lifetime wealth), there will be large differences in wealth at any point in time?

Most illuminating is the second footnote in that appendix, which deals with what people truly value:

Respondents were asked to pick between two es and not two “processes”. A more equal wealth distribution might find more favour among respondents if it occurred naturally because everyone was equally able and made similar choices than if it occurred through aggressive redistribution and by prohibiting bequests and inter vivos transfers. And respondents’ answers might have changed if the more equal society had living standards and average wealth at the level of a third-world nation, like Cuba.)

A study published in April in Nature Human Behavior confirmed precisely this. Researchers found that respondents don’t care so much about how wealth is distributed as long as it is not accrued by cronyism, a situation that characterizes economically interventionist regimes (including our own). “People’s concerns about fairness lead them to favour unequal distributions,” the study’sauthors write.

It is a testament to Sarlo and the Fraser Institute’s reports: Such is the quality of the data, logic, and presentation of the report that even the footnotes of its appendices are worth quoting.But they are worth quoting because they are rooted deeply in the reality of human nature.

Pope Leo XIII in his encyclical “On Socialism” (Quod Apostolici Muneris, 1878), wrote that a just society judges all citizens by equal, and morally sound, systems because of the genuine ground of human equality. “In accordance with the teachings of the Gospel, the equality of men consists in this: that all, having inherited the same nature, are called to the same most high dignity of the sons of God, and that, as one and the same end is set before all, each one is to be judged by the same law and will receive punishment or reward according to his deserts,” he wrote.

Wealth inequality stems from human diversity, which presents a kaleidoscopic reflection of God’s glory. While collectivists may “argue that … the property and privileges of the rich may be rightly invaded, the Church, with much greater wisdom and good sense, recognizes the inequality among men, who are born with different powers of body and mind – inequality in actual possession, also – and holds that the right of property and of ownership, which springs from nature itself, must not be touched and stands inviolate.”

The Acton Institute’s new undertaking, Religion & Liberty Transatlantic, intends to bring the best minds from across the transatlantic sphere to bear on our challenges, which we increasingly find we share mon. Together, we strive to enlighten the darkness that surrounds pressing issues, elevate the discourse, and promote a society that rewards the ennobling of the human race.

screenshot.)

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
Discerning God’s Call
For the next two weeks I’m privileged to be teaching a course on Christian ethics and contemporary culture at Farel Reformed Theological Seminary in Montreal, Quebec. This morning’s class focused on the issue of calling and the Christian life. We discussed some of the ways in which God’s call to follow es to different individuals in a variety of circumstances and in a variety of means. As background, we read Alissa Wilkinson’s short essay, “Vocation Takes Patience.” Discerning God’s call...
That the Name of God Should Be Forgotten
The Russian Orthodox naval cathedral in Kronstadt, reconsecrated in April From Interfax: Moscow, May 15 — On Tuesday, there will be 80 years since the Soviet government issued a decree on “atheistic five-year plan.” Stalin set a goal: the name of God should be forgotten on the territory of the whole country to May 1, 1937, the article posted by the Foma website says. Over 5 million militant atheists were living in the country then. Anti-religious universities — special educational...
Defending the Free Market review: More than Mere Economics
On his Koinonia blog, Rev. Gregory Jensen reviews Rev. Robert Sirico’s new book, Defending the Free Market: The Moral Case for a Free Economy. Jensen: “Daring though the argument is, especially for a Catholic priest, it is also essential that it be made since for too many people (including business people), free market economic theory and policies are little more than a justification for greed. While not denying the excesses of capitalism and real sins of capitalists, Fr Sirico wisely...
Catholic Diocese of Washington, DC and Forty Other Groups Sue Obama Administration
At least forty Catholic dioceses and organizations in the United States have filed suit against the Obama Administration for violation of First Amendment rights. According to , The suits filed by the Catholic organizations focus on the regulation that Health and Human Services Secretary Kathleen Sebelius announced last August and finalized in January that requires virtually all health-care plans in the United States to cover sterilizations and all Food and Drug Administration-approved contraceptives, including those that can cause abortions. The...
Mark Zuckerberg and the Biblical Meaning of Success
There aretwo great lies our culture promotes among children in school, students in college, and professionals in the business world, says Hugh Whelchel: (1)“If you work hard enough, you can be anything you want to be.” (2) “You can be the best in the world. If you try hard enough, you could be the next Zuckerberg.” Whelchel explains why these lies have “catastrophically damaged our view of work and vocation, because they have distorted our biblical view of success.” If...
Faith and Science In a Fallen World
Reading as many blogs as I do, I’m always grateful when I stumble on a great blog post that is not only thoughtful, but relates to some aspect of our work here at Acton. Jason Summers over at Q Ideas has written an interesting piece titled Where Angels Cannot Tread: Science in a Fallen World. In his discussion of science, he notes humanity is uniquely equipped by God to engage with science. I believe that we Christians especially should listen...
Free Acton Institute eBooks on Judaism, Law and the Market Economy (May 20-24)
Beginning today, the conference “Religion and Liberty — A Match Made in Heaven?” gets underway in Jerusalem. Sponsored by the Jerusalem Institute for Market Studies (JIMS), the Acton Institute and others, the event asks questions such as, “Is capitalism not only efficient but also moral?” In conjunction with this May 20-24 conference, Acton is offering its two Jewish monographs through Amazon Kindle at no charge. The two titles: Judaism, Law & The Free Market: An Analysis by Joseph Lifshitz. [Kindle...
Louisiana’s Valuable Commodity: Prisoners
Why is Louisiana the world’s prison capital? Are the residents of the Bayou State more criminal than other people around the world? Is the state’s law enforcement exceptionally skilled at catching bad guys? Or could the inflated prison population be, at least in part, the result of theperverse economic incentives of crony capitalism? The hidden engine behind the state’s well-oiled prison machine is cold, hard cash. A majority of Louisiana inmates are housed in for-profit facilities, which must be supplied...
The Spiritual Temptation of the Welfare State
The conditions under which the government transfers wealth are different than the conditions under which the church transfers wealth, says James R. Rodgers. Yet many Christian leaders are tempted to use the power of the state to dowhat is required of the church: Ginning up donations, however, is the hard road. Given the imperative that the needy should be fed, how much easier it is to step around the church and the power of the Gospel, and instead to make...
If Christ is Lord, Everything Matters
Recently we had an excellent discussion on twitter about the following idea that @JakeBishop8 shared: “Our greatest fear should not be of failure but of succeeding at things in life that don’t really matter.” In response to this idea we retweeted, another Jake (@JakeBelder) jumped in with: “If Christ is Lord over all, is it right to say there are things that don’t really matter?” What ensued was a great interaction between two “Jakes” about what matters in God’s Kingdom....
Related Classification
Copyright 2023-2025 - www.mreligion.com All Rights Reserved