The Dangers of America’s Obsession with Inequality

Michael D. Tanner

Yippee! Last week’s sell off on Wall Street wiped out more than
$3 trillion in wealth. Overnight, economic equality increased.
True, you and I aren’t any better off – in fact, some of those
losses came out of our 401(k)s and pension plans – but the
important thing is that the biggest losers were evil rich people.
Warren Buffet lost more than $5 billion, Jeff Bezos more than $3
billion. All together, the world’s 500 wealthiest people lost more
than $180 billion. Aren’t you happy?

Of course not. But doesn’t the mindset increasingly heard on the
progressive left and the populist right dictate that you should be?
We …read more