It seems like virtually everyone on the political left is talking about income inequality, or inequality of wealth. From Paul Krugman, to Rachel Maddow, to Elizabeth Warren, to Bernie Sanders, to President Obama. They all condemn high levels of income or wealth inequality as unfair and economically destructive.
But what if they’re wrong? What if high income inequality is a good thing for prosperity? What if it’s necessary for the greatest improvement in the lives of the poor? What if the campaign against inequality is actually immoral?
There’s an important new book on income inequality that was just released today. It’s called, Equal is Unfair: America’s Misguided Fight Against Income Inequality. Here are some videos from the authors on the issue of income inequality. The first chapter of the book is also linked below.
Bernie Sanders and the Inequality Gimmick:
Who Cares About Inequality?
CEOs Deserve High Pay
Here’s the first chapter of Equal is Unfair:
I received my pre-ordered copy from Amazon today, and I think everyone should give this book a read. Here’s the Amazon link again:
One final note: If anyone is wondering what the truth is behind Bernie Sanders’s claims that Nordic countries like Sweden are ideal models of egalitarian prosperity and “socialism that works,” there is a lecture course that discusses this in detail. It’s by a native Swede, Carl Svanberg: “What About Sweden?”