Daniel Greenfield writes The Poverty of Inequality in Sultan Knish.
If you believe the left, the leading economic problem that Americans face today is not a lack of jobs or the cost of living, but a crisis of CEO salaries. If only the great beast of government slumbering in the chilly waters of the Potomac would bestir itself to raise taxes on the rich some more we could move on from those $4 trillion government budgets we can’t afford to $6 trillion government budgets that we really can’t afford.
The crisis of income inequality, in which some people make a lot more money than everyone else, is irrelevant in an economy where the problem is not that incomes aren’t high enough, but that they don’t buy enough, and that on the second term of the man who claimed to be able to lower the water level of the oceans, there still aren’t enough jobs at minimum wage or any other wage.
Raising the minimum wage to help the poor is a matter of destroying the village to save the village and then rebuilding a smaller version of it.
But the left’s agenda isn’t to make life better for the people at the bottom of the economic ladder. It’s to build up their planned economy with failed solutions that aren’t meant to solve anything. The left’s solutions don’t work, because the problem they’re solving isn’t economic inequity, but their own lack of absolute power. And they solve that problem with economic solutions that fail, necessitating more power grabs until they have complete control.
The progressive solution to income inequality is government intervention. But when has centralization ever produced income equality?
Reducing inequality is a very poor substitute for increasing income and wealth at all levels. Some of the poorest nations have some of the least inequality. Some of the greatest inequality is in those nations with the least amount of individual freedom and greatest amount of central government control. Look at the wealth of Castro, Arafat and Putin and compare it to even the wealthiest ex president of the US. The real threat is not the inequality of wealth; it is the inequality of power.