Home
/
RELIGION & LIBERTY ONLINE
/
Income Inequality: You Can’t Handle The Truth
Income Inequality: You Can’t Handle The Truth
Jul 26, 2025 11:20 AM

The rich get richer and the rest of us…well, we struggle along. Shouldn’t those with more money be spreading it out a bit more? My coffers clink with spare change; I sure could use some of that money. It only seems fair, right?

Peter Morici, at Breitbart News, tackles the truth of e inequality. Those of us in the “rest of us” category are getting crushed by monopolies, unjust taxation, and political corruption. That, Morici says, is the truth of e inequality. It’s so bad that Vermont Senator Bernie Sanders pared our situation to that of Russia, and a lot of folks nodded their heads in agreement.

Vermont Senator Bernie Sanders (I) recently asked Federal Reserve Chairwoman Janet Yellen “are we still a capitalist democracy or have we gone over into an oligarchic form of society in which incredible economic and political power now rests with the billionaire class?”

Russia’s oligarchy has two salient characteristics. The government uses its power to regulate markets to concentrate wealth in the hands of an influential few, while most of its citizens stay poor by western standards.

Morici examines, as an example, Comcast. pany acts as a monopoly, and the federal government greased the wheels by prohibiting any regulation by local governments. To make matters worse, Comcast is proposing a purchase of Time Warner Cable; the monopoly grows.

Our banking system is suffering much the same fate. Dodd-Frank reforms have put so much financial strain on small banks that they can’t afford to operate, and thus sell out to larger banks. That means we not only lose our friendly local banker, but CDs don’t get us much, and it’s harder and harder to get a mortgage or loan. Obamacare, Morici points out, is the same: the creation of a monopoly – a huge national healthcare business, overseen by the federal government, with little or no local control. It is also pushing the cost of health care and medications higher and higher.

But it’s all okay, our politicians tell us: they’ll make up for it all by generously giving out food stamps and subsidized health care. We can’t own a home, but we won’t go hungry. No worries.

The “rest of us” aren’t happy with President Obama and his economic leadership, but the professionals tell us not to dwell on it too much. They know what they’re doing:

The economics posed mostly of left leaning academics–is enamored with French economist and author Thomas Piketty’s thesis, in the new bestseller, “Capital in the Twenty-First Century,” that growing inequality is the natural e of capitalism and confiscatory taxes are the answer.

Both notions are wrong.

Washington corruption–in the pattern of Vladimir Putin–is driving inequality and sinking family es. Higher taxes may catch your family doctor in the near future but politicians will still find a way to exempt their supporters among the very wealthy.

Politicians offering ordinary voters a free ride on taxes, subsidized health care and other enticements are really picking their pockets by giving the country away to the oligarchs.

The truth about e inequality? It’s not greedy business folks hoarding their money from the rest of us. It’s a carefully constructed political plan meant to serve power-hungry pols. The “rest of us” need to remember this lesson when we head to the voting booths the next time.

Read “The Terrible Truth About e Inequality” at Breitbart News.

Comments
Welcome to mreligion comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
RELIGION & LIBERTY ONLINE
Concerns about a la carte
Some new developments on the idea to move cable television to an a la carte subscription model: Christians and minorities are “concerned.” According to the Christian Science Monitor, FCC chairman Kevin Martin is pressuring cable providers to move away from the tier-based subscription system to “a full thumbs-up/thumbs-down choice of individual channels.” In what’s sure to tweak the sensibilities of the cable industry, Martin threatened that if no such moves were made, “basic indecency and profanity restrictions may be a...
Speaking of oil
Arnold Kling at the excellent EconLog says that “the government should empty its strategic petroleum reserve and buy energy futures contracts instead. At some point, the futures market has to be taken seriously.” He concludes, “The government has all sorts of subsidies for alternative energy. However, the most efficient subsidy would be to buy oil futures contracts. If we must have an energy policy, it should consist solely of strategic futures market purchases.” This on the heels of the announcement...
Federal vouchers are coming!
The long wait is finally over. Federal vouchers ing! Before you get too excited, however, I have to inform you that the vouchers are not for education. You can’t use these vouchers to send your child to the school of your choice. Instead, because of the government-mandated switch for broadcast TV from analog to digital bandwidths, set for Feb. 17, 2009, upwards of 20 million television sets will be obsolete, only able to receive the then-defunct analog signals. “To avoid...
Apocalypse now (and forever)
Check out this review of James Howard Kunstler’s new book, The Long Emergency: Surviving the Converging Catastrophes of the Twenty-First Century (Atlantic), which describes it as a “litany around the increasingly fashionable panic over oil depletion.” This paucity of oil will in large part contribute to a future in which “the best-case scenario is a mass die-off followed by a forced move back to the plete with associated feudal relations. As the title implies, this is to be an ongoing...
‘A superb butler’
Continuing the discussion of energy usage from yesterday, check out this review in the New York Sun of Children of the Sun (W.W. Norton), by Alfred Crosby, emeritus professor of history, geography, and American studies at the University of Texas. Reviewer Peter Pettus says that Crosby “has written a direct and clearly expressed analysis of the energy problem without hysterics, apocalyptic threats, or partisan rancor.” These, of course, are the precisely the characteristics that are so often found in discussions...
All wet
Jeffrey Tucker at the Ludwig Von Mises Institute: You might say that water needs to be conserved. Yes, and so does every other scarce good. The peaceful way to do this is through the price system. But because municipal water systems have created artificial shortages, other means e necessary. One regulation piles on top of another, and the next thing you know, you have missars telling you what you can or cannot do in the most private spaces. Has central...
Beating back the socialists
There are two good articles out there in today’s press about socialist thinking, which alas is all too prevalant, especially in issues concerning the environment. The first is a tribute to Arthur Seldon in the Daily Telegraph. Some of Seldon’s friends and family are gathering in a London synagogue today to remember one of the founders of the Institute of Economic Affairs. The creed was capitalism, a concept about which Seldon wrote his most distinguished book in 1990, and which...
King’s dream: beyond black and white
As the nation prepares to celebrate the birthday of Martin Luther King Jr. on Jan. 15, it’s time to broaden the discussion of race relations in America to include not just blacks and whites, but Asians, Hispanics and Native Americans. The long fixation on black-white relations has obscured some important measures of racial progress — or lack of it — in American society, argues Anthony Bradley. “In fact, the greatest impediment to appropriating King’s dream is our unwillingness to move...
Shake your groove thing
Many of you may have already heard of the new line of Levi’s jeans due out later this year, the patible RedWire DLX jeans: “With a joystick remote control built into the watch pocket, the new jeans will allow wearers to play, pause, track forward or back and adjust the volume on their iPods without having to take them out of their pockets.” There is also a built-in pocket designed to “conceal the bulge of the iPod.” But Levi Strauss...
Morse on modern sex and marriage
Check out this interview with Acton senior fellow in economics Jennifer Roback Morse from the Zenit News Agency, “Righting the Wrongs in Modern Sex and Marriage.” She talks about writing her recent book, Smart Sex: Finding Life-Long Love in a Hook-Up World (Spence) and says, “I wanted to write a book for the ordinary person who wants to get married and stay married. Most readers are not economists or theologians, so I wanted to convey to the public that this...
Related Classification
Copyright 2023-2025 - www.mreligion.com All Rights Reserved