The below video is a “pop-culture” challenge to an economic principle that if the free-markets are left to choose (free contractual trade for services between people in the supply-and-demand market) would allow the most people to succeed as the innate abilities of people and the market can bare:
Prager University notes that “INEQUALITY IS GOOD”
What if everything you’ve heard about income inequality is wrong? What if it’s actually a good thing for there to be people who are rich and people who aren’t? John Tamny, editor of RealClearMarkets, clarifies one of the big misunderstandings of our time.
Here is Lee’s response:
Lee Doren has a passion for public speaking, being the youngest speaker to lecture for the Ronald Reagan Political Lecture Series at Oberlin College. He has given speeches in Annapolis, Maryland on the Bill of Rights and at the U.S. Capitol for the 9/12 March on Washington. He has been invited to lecture at The Cato Institute, The Institute for Energy Research, the Young Britons’ Foundation in the United Kingdom, the State Policy Network and Lehigh University. He has also provided commentary for Fox News, CNN, Reuters, PBS and Air America.
I would recommend the following articles for further reading:
- YouTube Wealth Inequality Video Fails to Tell the Whole Story (Policy Mic);
- Why Inequality Doesn’T Matter: At Least Not Income Inequality (The Federalist);
- Inequality Fallacies: The Left Gets The Facts Wrong On Economic And Racial Disparities (National Review Online);
- Income Inequality Deception (Forbes);
- Dispelling Myths About Income Inequality (Forbes);
- The Five Biggest Myths About Income Inequality (Forbes);
- The Income-Inequality Myth: Reports Of Skyrocketing Incomes For The Wealthy And Stagnating Wages For The Rest Are Unfounded (National Review Online);
- The American Dream of Income Equality Still Lives (Scientific American);
- Debunking The Top Three Myths About Income Inequality (CNBC);
- Inequality Myths (CATO).
- Five Myths About Economic Inequality In America (CATO)
(This portion can also be found in the “Rich Get Richer/Poor Get Poorer” Mantra.) Larry Elder notes when this “widening” happened the most:
Here are some myth busting to help the layman researcher get more facts to respond to the pop-politics we run-across in our social media lifestyle. Investors Business Daily makes some key points that are hard to ignore:
Another smaller post points out nearly the same: