Equal Is Unfair

Equal Is Unfair

America's Misguided Fight Against Income Inequality

eBook - 2016
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We've all heard that the American Dream is vanishing, and that the cause is rising income inequality. The rich are getting richer by rigging the system in their favor, leaving the rest of us to struggle just to keep our heads above water. To save the American Dream, we're told that we need to fight inequality through tax hikes, wealth redistribution schemes, and a far higher minimum wage.

But what if that narrative is wrong? What if the real threat to the American Dream isn't rising income inequality--but an all-out war on success?

In Equal is Unfair , a timely and thought-provoking work, Don Watkins and Yaron Brook reveal that almost everything we've been taught about inequality is wrong. You'll discover:

* why successful CEOs make so much money--and deserve to
* how the minimum wage hurts the very people it claims to help
* why middle-class stagnation is a myth
* how the little-known history of Sweden reveals the dangers of forced equality
* the disturbing philosophy behind Obama's economic agenda.

The critics of inequality are right about one thing: the American Dream is under attack. But instead of fighting to make America a place where anyone can achieve success, they are fighting to tear down those who already have. The real key to making America a freer, fairer, more prosperous nation is to protect and celebrate the pursuit of success--not pull down the high fliers in the name of equality.

Publisher: New York : St. Martin's Press, 2016
ISBN: 9781250084453
Characteristics: 1 online resource (258 pages)
Additional Contributors: Brook, Yaron
Call Number: eBook

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Mar 30, 2016

Oh, lordy! Another wacko tract from some ne'er-do-wells from the Ayn Rand Institute [she was the Russian immigrant who had a thing for brutal serial killers]. The authors mention // stagnation \\ of the middle class - - dudes, it ain't stagnation when it has all but disappeared in the majority of the 50 states across America!
For any confused types out there - - acquisition of wealth through endless speculation, privatization [asset stripping of the Public Commons], rigging of all the financial markets is completely different from wealth creation, which they've all by disappeared from America!
[This is in the mindless, jingoistic-sounding claptrap genre which David Brooks likes to write, positing that people such as Brooks are successful, because he's paid to spew forth article on the NY Times columns following the Official Line, which he receives from his highly paid non-job at Brookings Institution, which the faux newsies never tire of falsely claimin is // non-partisan \\ when in point of fact it is highly partisan, the neocon/neolib status quo must rule supreme!]
Once again - - between 1997 to 2007, $23 trillion in securitized debt was sold the by the banksters and investment firms - - financial instruments based upon debt based upon debt based upon . . . - - and between 2007 to 2009, the econ. meltdown, US households lost $17 trillion in assets, and in Europe the loss was $6 trillion in household assets - - or $23 trillion!


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