Income Inequality

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Steven BentleyI would like to share a bit on income inequality.  To paraphrase Warren Buffet – “there is class warfare, and my class won”.  I don’t really believe in the concept of class warfare, but sometimes it feels that way.  Income inequality is not really the issue, in my opinion.  In a capitalist system there will always be some inequality.  The problem, as I see it, is that currently there exists an excessive, obscene inequality that did not exist before.  For many years now, it is obvious that the rich get richer and everyone else simply struggles to get by.  For a long time, this reality was accepted by the masses because they hoped that one day, through hard work, they too could be wealthy.  This is no longer the case.  Senator Warren, and others, have observed that the system is truly stacked in favor of the wealthy.  Class mobility is a thing of the past.  The situation is now reminiscent of old medieval times, when a person remained in their life station permanently, regardless of personal responsibility and hard work.  This is unacceptable and unsustainable.  One only has to recall the lessons from the French Revolution and the Bolshevik Revolution to understand that the masses will only take so much and then they will demand some measure of equality.  Hopefully, this can be achieved through less violent methods, but it will be achieved.

There are many examples of inequality to be seen without trying too hard.  Personal wealth is often looked too as a glaring example, but there are too many variables present in this case for it to be a useful example.  Hard work should be rewarded and there will always be some who do better than others.  This is to be applauded.  Education is a better example.  Education, and its access, has always been a “stepping stone” for the middle class.  This is no longer the case.  Higher education, and the benefits it brings, has become too expensive and out-of-reach for many.  It is rapidly becoming accessible only to those who have the assets to afford it.  I, personally, have witnessed many of the “perks” that are given to the wealthy or to those who are thought to be wealthy.

Another example is simple wealth distribution.  So much is owned by so few that it has truly become unsustainable.  It is no longer enough to simply be rich, now some seek to be “filthy rich”.  It is not wealth that is so upsetting, it is obscene wealth and the inability of the majority to find upward mobility.

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