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Economic inequality

January 31, 2014

A recent letter presented a quote from economist Milton Friedman. Mr. Friedman is speaking in economic terms and not philosophical terms....

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(30)

JohnZook

Feb-01-14 9:54 AM

Erik, you got that right. Almost 50 million people on food stamps and it concert night with the stars most Wednesday nights. Secret birthday party lists don't hide the extravagance these politicians live with. It's live extravagantly on an unlimited bank account while the rest of us live paycheck to paycheck. And our dollars seem to buy less and less while the gov't prints more and more out of thin air. The day of reckoning for the dollar is coming thanks to the policies of many Presidents. I hope it doesn't go into winter's cold....

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FortySixand2

Jan-31-14 9:45 PM

Marxist! Communist! Hitler! Sorry Chuck, just having some fun.

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USABorn

Jan-31-14 9:11 PM

You know the old say, "Ignor it and it'll go away?" Sure doesn't work with Reeder and his drivel! He's too thick to take a hint, and doesn't mind that SG readers are laughing at him. I guess we should name him "Fool-in-Chief."

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eriklatranyi

Jan-31-14 8:42 PM

As someone who visited communist countries, I can tell you that even the hardcore Marxists fail at creating equal poverty.

People will create a black market for goods and services outside the view of the state, resulting in some earning more than others.

Meanwhile, party members were treated better than everyone else.

That is the world that Reeder, Shaman and Rick would like to see.....one where the party favorites celebrate with parties and celebrities while the masses struggle to survive.

We see this in the Obama lifestyle since entering office....a lifestyle they could never afford in the past, and only have by virtue of their power and position. Meanwhile, the nation has 92 million people out of the labor force while lobster and caviar are served to public servants.

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Ritty77

Jan-31-14 1:37 PM

There will always be "inequality" because people will always have different goals. Individual perception of what constitutes a "rich" life varies greatly.

Equality of THOUGHT will be needed first, and I don't think I can dumb myself down enough or suddenly become miserably envious of others' wealth.

Cheers! It's like spring!

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rmiller

Jan-31-14 1:22 PM

Economic equality is a utopia. The progressives would have one believe that economic equality is possible. Without the wealthier section of the economy, there are no jobs, no production, no nothing. I believe Chuck was OK until he reached his last paragraph and then I got lost. I almost thought for a minute that he was advocating for the wealthy. Not likely!

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JohnZook

Jan-31-14 1:12 PM

We can guarantee "a hand up, not a hand out". We can't do the same for people who WON'T help themselves; why would anyone feel the need to continue this class of poor people except for exploitation.

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leaningright

Jan-31-14 12:34 PM

I think what we all should be asking for is "economic opportunity" and not talking about "economic equality". All things aren't equal.

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ScottyDogg

Jan-31-14 10:06 AM

Much like many of the author's posted commnents here. He writes but does not really say anything.

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ScottyDogg

Jan-31-14 10:05 AM

This letter was so nonsensical that even Shaman is having a hard time finding, words, comments, youtubes, website articles, etc. to provide us. Thus his absent from posting any comments I surmise.

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leaningright

Jan-31-14 9:56 AM

Okay Mr Reeder, Im glad to hear that you agree that we are a capitalistic, free society and you need to earn your way.I think thats what your saying. I said the other day in a post, we are all born equal, but thats where it ends. I dont think that anyone is inferior or undeserving either, I just think that you need to work for what you get, is that unfair? Should we have a gov't czar that goes around and makes sure that children are being raised right and taught some values and standards so the chain of poverty and ignorance can be broken? Whos fault is it that we have such a divide ? Is this the governments fault? Is it the parents fault? Or is it our collective fault? Nothing is given, you have to earn it.

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GoBB62

Jan-31-14 9:44 AM

Anybody remember old cartoons of an old guy with long hair and a long beard sitting on top of mountain, sitting cross-legged, dispensing "wisdom" to whoever climbed up the mountain?

I think this is how Chuck sees himself.

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Darlin

Jan-31-14 9:00 AM

Excellent post Erik, liberals hate everything that is good. They are miserable, Godless people who want the rest of the world to be equally miserable.

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Darlin

Jan-31-14 8:59 AM

So Chuckie hates capitalism, feels it is not fair, but supports socialism which does not work and only makes everyone equally poor and only a few elite wealthy. You would think by now you would realize that life is not fair, never was, never will be, get over it Chuckie.

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underwood

Jan-31-14 8:48 AM

Wealth and income are two different things. The 1% at the top is a statistic and people enter and leave the 1%, as do those in whatever percent is at the bottom. The only sensible and proper thing for our society to do is provide equal opportunity under the law for people to move up and down the economic ladder based upon their abilities, work ethics and willingness to take risks. Income inequality provides a strong incentive for upward mobility.

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nobud74

Jan-31-14 8:26 AM

Sheesh, Chuckie, who tinkled in your Wheaties? It is amusing how the far left demonizes anyone who busts their rear to create business and jobs, yet they all want a job and they want their investments to prosper.

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eriklatranyi

Jan-31-14 8:21 AM

I just read an interesting analysis of liberals.

Basically, liberals oppose anything society likes.

If success is admired, liberals tear it dow.

If the nation is admired, liberals say its fundamentally flawed.

If football is popular, liberals must find ways to destroy it.

If marriage and the family are sacred, liberals feel the need to tear them down.

If Christianity is popular, liberals must denigrate it.

If Islam s hated, liberals defend it.

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Capricorn1

Jan-31-14 8:12 AM

"Property is the fruit of labor. Property is desirable, is a positive good in the world. That some should be rich shows that others may become rich, and hence is just encouragement to industry and enterprise." -Abraham Lincoln

"The utopian schemes of leveling [wealth redistribution] and a community of goods, are as visionary and impractical as those which vest all property in the crown. These ideas are arbitrary, despotic, and, in our government, unconstitutional." -Samuel Adams

OR

"My attitude is that if the economy's good for folks from the bottom up, it's gonna be good for everybody ... I think when you spread the wealth around, it's good for everybody." Barack Obama

YOU DECIDE

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Steelman

Jan-31-14 8:02 AM

cont.

"No, you will not," said the Little Red Hen. "You didn't help me plant it, or water it, or harvest it, or mill it, or bake it. I shall eat it myself!" And so she did.

The next time the Little Red Hen found some grains of wheat, the lamb planted it in the rich, brown soil, the cat watered it carefully every day, and the pig harvested the wheat when it had grown tall and strong. When the dough was baked, together the animals made hot chocolate and ate the fresh, warm bread. It was delicious!

For some reason we seam to be missing the end of this story

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Steelman

Jan-31-14 8:01 AM

Once upon a time, a lamb, a cat, a pig, and a little red hen lived on an old farm on a flowery hill surrounded by fields of golden wheat. One day, the Little Red Hen found some grains of wheat scattered in the barnyard. "Look what I've found!" she said to the other animals. "Who will help me plant these grains of wheat?"

"Not I!" said the lamb.

"Not I!" said the cat.

"Not I!" said the pig.

"Then I'll do it myself," said the Little Red Hen. And so she did

The kitchen filled with the delicious scent of baking bread, and the other animals came to see what was happening. The Little Red Hen took the warm, crusty loaf out of the oven, and set it on the table. "Who will help me eat this fresh, tasty bread?" asked the Little Red Hen.

"I will!" said the lamb.

"I will!" said the cat.

"I will!" said the pig.

"No, you will not," said the Little Red Hen. "You didn't help me p

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Steelman

Jan-31-14 7:48 AM

Suppose Joe is tired of trying to scoop up fish with his hands and figures out how to turn a tree branch into a spear, increasing his daily catch tenfold. Can Tom, who never thought to make a spear, properly complain that Joe has received an “unfair distribution” of fish?

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Josh84

Jan-31-14 7:33 AM

In light of the current minimum wage talks, I will add Dr. Friedman believed heavily that the minimum wage requirement was as big a discriminatory factor as any other in the job marketplace. Causing establishments to need to get their monies worth when hiring laborers, thereby discriminating against workers with little or no applicable skills.

This will magnify if the current minimum wage is raised to the level the current administration proposes. For example, there is no need(with today's tech.) that every other fast food chain need to employ anything other that the touchscreen that you find at Sheetz establishments.

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eriklatranyi

Jan-31-14 7:28 AM

CaveFelem said:

"the top 1% control something like 90+ percent of income."

This is the deceptive subtlety of liberals......the top 1% do not CONTROL anything.

But the sentence makes it sound like a conspiracy against the 99%.

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BillTriumph

Jan-31-14 7:28 AM

Jefferson's final version in the Declaration of Independence was "...Life, Liberty and the pursuit of Happiness."

Many believe it was derived from George Mason's Virginia Declaration of Rights (adopted June 12, 1776), which referred to "the enjoyment of life and liberty, with the means of acquiring and possessing property, and pursuing and obtaining happiness and safety."

Nothing there about economic equality for the masses based upon need. That would be Marx. Many liberals denounce those who produce; instead favoring distribution of the "surplus" to those who do not produce (globaly exploited, low value added labor). Pursuit of Happiness in that context takes on a new meaning of futility for the ambitious as the harder you "pursue hapiness" the more the government wants to "redistribute" your property ("surplus") gained through your miserable illicit "exploitation" (a.k.a. intellectual creativity, savvy, Entrepre

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CaveFelem

Jan-31-14 7:05 AM

Politico has an interesting article "Why the rich are freaking out".

Income inequality is getting to a point where we're going to have 2 classes in this country: those who have, and those who don't. It's not a good sign that we have record numbers of people not participating in the labor force, 1 out of 7 on food stamps, and still, after all the trillions spent on the war on poverty, there are still record numbers of poor.

And while this is happening, the top 1% control something like 90+ percent of income. I wish I could find the quote on that. Will try to find it.

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