Wealth Inequality Is Really Wealth Equality
If one person digs 1 ditch and another person digs 10 ditches then the person who digs 10 ditches should be compensated 10x what the person who digs 1 ditch is compensated. Yes, this is wealth inequality. It is healthy, moral and mathematically correct.
Oh hi, and welcome to the class of earth physics. What you do you receive and what you don't do you don't receive. It's a very simple concept, yet so quickly and easily misconstrued when it comes to political discussions where there are lots of goodies to hand out and lots of greedy people to receive.
Wealth is a measurement for the value you bring to society. People who do more, innovate more and bring more to society are compensated via resources and wealth more than those who don't. If you don't want people to have what they earn then you actually want inequality. Equality means everyone has a right to what they produce. And who wouldn't want people to earn what they work towards?
If you have a problem with people who produce more earning more then you are actually promoting wealth inequality. It is equal to give people their equal share of earnings. It is inequal to give people more or less than they deserve. So when we see an accurate representation of the wealth of people and we want to change that then we want wealth inequality.
If somebody works for an employer who pays them very little then they are getting what they agreed to get paid. If somebody makes minimum wage at Walmart then they are getting their equal share of what they are worth to Walmart. If they don't like their pay they can try to get a raise, they can find a job somewhere else or they can start their own store. People have infinite options on what they can do to change their wealth.
"If you give $1,000,000 to a poor person they will be poor again in a few years"
The difference of wealth between rich and poor people is not a representation of circumstance but of choice. People choose to be rich and people choose to be poor. Sure, some people are born rich and some people are born poor. But people change from being rich to poor and poor to rich every day. If somebody remains poor it is because they choose to remain poor.
If you take somebody like Elon Musk and remove all his money he will become rich again. This isn't an accident or a mistake or an anomaly. If you give $1,000,000 to a poor person they will be poor again in a few years. This isn't an accident or a mistake or an anomaly. This is an accurate, mathematical representation of their economic choices. Some people choose to be rich, some choose to be poor. But nobody is forced to be either, especially in freaking America where you have every chance to transform yourself into whatever you want to be.
Is it inequal that Tom Brady is a better quarterback than 99.999% of people on the planet? Should somebody who has never practiced football be as equal as Tom Brady when it comes to being a quarterback? Is it inequal that Lebron James makes more money than 99.999% of people on the planet? Should he make less money because it is inequal that he is so wealthy? Did he not earn his money fairly? Does he not continue to earn money fairly? What is wrong about the inequality of his income? Should we all make what he makes? Of course not!
So why then do we hold businessmen and people who aren't household names to a different standard? Because we are who parrot what the world tells us to parrot that's why. When you hear somebody talk about wealth equality they don't really want wealth equality -- they want wealth inequality.Filed under: Politics / Government, Wealth, Money, Greedy Poor People, Mad About Equality