We Don't Have An Income Inequality Problem, We Have An Ego Problem

In my recent piece at the Federalist I argued that we don't have an income inequality problem, we have a culture of entitlement problem.

A snippet:

Despite what we routinely read in the news, we do not have an income inequality problem.

First, as I’ve previously argued, we don’t refer to height differences as “height inequality.” Nor should we speak of income differences as “income inequality.” Doing so implies the deck is stacked for the “haves” and against the “have nots” before scrutinizing the facts.

Second, the statistics are often misleading.

A common tactic is to paint a dire economic picture by looking at statistical units— “households,” “families,” “income quintiles,” etc.—instead of individuals. For example, a headline from The New York Times reads: “Household Incomes Have Remained Flat Despite Improving Economy.”

Another article claims that, “after adjusting for inflation, U.S. median household income is still 8 percent lower than it was before the recession, 9 percent lower than at its peak in 1999, and essentially unchanged since the end of the Reagan administration.” Moreover, we are repeatedly warned that increasing shares of income go to the “top one percent” of earners while the rest stagnate or worse.

For the full piece, click here. 

America is losing its moral roots

For most of our history, political thought was rooted in values. But in recent years, emotion has replaced these roots. The effects of this change have been momentous.

First, it has diminished the importance of learning from the past. Why study our predecessors for insights into truth, virtue and wisdom when the heart provides these ideals? If something offends us it is wrong, and if it makes us feel good it is right. Hence the decline of value-oriented subjects such as history, ethics and logic, and the rise of emotion-oriented subjects such as women, minority, and transgender studies at our universities. Graduates are fluent in emotional mantra on oppression and inequality, but clueless on American history and moral ethics.