from Mark Perry in his blog Carpe Diem, John Tamny on ‘surging lifestyle equality’ and the source of the Clintons’ wealth
The ‘wealth inequality’ decried by clueless economists and opportunistic politicians has been mis-named. What’s a pejorative is unrelentingly beautiful. The “rising wealth inequality” that reduces economists, pundits and politicians to puddles of emotion should be properly renamed “surging lifestyle equality” with an eye on calming their rage. Put more simply, the inequality that horrifies self-proclaimed deep thinkers is the wondrous process whereby entrepreneurs turn the former luxuries of the rich into everyday items. To be blunt, a world without wealth inequality would be one marked by excessive deprivation.