An expert on not having any or enough money. Essentially that is the resume’ of a certain academic. It is not surprising that he believes rich people should pay more taxes. But from his interview it is almost comical what he says about CEOs. He claims they were paid about 40 times the compensation of average workers in the 1980s. He claims they are paid about 400 times above worker average now. And he asks if they are worth ten times the 1980s amount?
The comical part is this guy is a professor, aka, a teacher and one would expect he belongs to a union. I wonder if he holds the same opinion on wages for public sector union employees? Granted, union members may not match the compensation of CEOs but then CEOs are not typically subsidized by the taxpayer.
Sure, I’m guessing about some of the details. What are the odds I’m wrong? What I’m not wrong about is this academic’s take on income inequality. If you do not generate an income that satisfies you, whose fault is that?
Liberals contend someone else is to blame. That fits well with their idea that if you are successful you are obligated to share your wealth. They not only demonize those who have earned boatloads of cash but have no problem with taxing everyone to use OPM (other people’s money) to fund their agenda.
The public sector unions who gouge taxpayer’s for their bloated compensation are exempt from this criticism. Largely because they fund Democrats’ political campaigns with their ill-gottne gains union members are considered beyond reproach by other liberals.
Here’s an excerpt from the interview that should pique your interest to read the rest:
Certainly they are entitled to it. The question is to what extent we feel the level of inequality is reasonable. Because if you let it play out completely on its own, you’re going to wind up with a smaller and smaller group of haves and a growing group of have-nots. So it’s not about stopping people from passing on wealth to the next generation or earning a high income. But it’s about what is right in terms of redistribution.
It would be impolite to express what I’m thinking after reading that excerpt. No, it’s not that I’m being PC (politically correct) but my mother taught me better than that. To express my outrage in terms not acceptable for ‘polite society’ is out of bounds. You would almost think I was raised by the rich. That is not the case.
Not rich in monetary terms but wealthy beyond measure in what matters. Hard work, self-discipline, knowing the value of a dollar and placing duty, honor, country and other people above all else. These are traditional American values as are conservative principles that value our founding, liberty and individual responsibility.
Funny how my less than wealthy parents taught me what is good and right. And we never expected someone else to pay our way. You earn what you deserve. If you cannot provide for yourself we will help you. You will live within your means. Not everyone will be successful. Life, liberty and the pursuit of happiness never guaranteed that. But if you get your head right, doing the right thing will be its own reward and your life will be fulfilling.
Income inequality has nothing to do with it.