Richardcyoung.com

The Online Home of Author and Investor, Dick Young

  • Home
  • Debbie Young
  • Jimmy Buffett
  • Key West
  • Your Survival Guy
  • How We Are Different
  • Paris
  • About Us
    • Foundation Principles
    • Contributors
  • Investing
    • You’ve Read The Last Issue of Intelligence Report, Now What?
  • The Great Reset
  • The Swiss Way
  • My Rifles
  • Dividends and Compounding
  • Your Security
  • Dick Young
  • Dick’s R&B Top 100
  • Liberty & Freedom Map
  • Bank Credit & Money
  • Your Survival Guy’s Super States
  • NNT & Cholesterol
  • Your Health
  • Ron Paul
  • US Treasury Yield Curve: My Favorite Investor Tool
  • Anti-Gun Control
  • Anti-Digital Currency
  • Joel Salatin and Alfie Oakes
  • World Gold Mine Production
  • Fidelity and Vanguard Since 1971

Fix Income Disparity: Ship the Wealthy to Venezuela

August 17, 2018 By Debbie Young

By Zdorov Kirill Vladimirovich @ Shutterstock.com

Originally posted on April 17, 2018.

Is income inequality in the U.S. a “staggering problem” and, as President Obama called it in 2014, the “defining challenge of our time,” asks Francis Menton in the Manhattan Contrarian.

For me, I say it all depends on how you look at the world.  If you want to look at the world as providing the occasion for anger, resentment, and victimhood, then by all means declare income inequality to be a crisis.  Are you not one of the 400 wealthiest people in the United States?  Well boo-hoo!  Let’s all sit around and feel sorry for ourselves and plot our revenge!

The other way of looking at the world is that it is a cornucopia of opportunity for those willing to go out and strive a little.  Capitalism has just created a few hundred new billionaires!  What are they going to do with all of that money — put it in a big pile and count it over and over again?  If you want to be prosperous, and maybe extremely prosperous (if not a billionaire yourself), then get out there and find something to sell to these people!  Believe me, this is the entire business model of the major law firms, and the lawyers at those places are definitely in the “extremely prosperous” category.  Same goes for the people who run hedge funds, or who build and sell mansions, or yachts, or private jets, or luxury goods of every sort.  With all that wealth waiting to be spent, there is no reason for anyone to be poor or idle.  This is an economic engine ready to be ignited!

On April 6 the Washington Post‘s Jeff Stein posted: “How 12 experts would end inequality if they ran America.” Mr. Menton lists some of the respondents’ ideas:

  • Universal access to childcare by funding with a new tax on capital.
  • Start a universal social wealth fund to boost unions’ rights.
  • Create a trust for every American baby, race-based reparations, which wold amount to a $3-4 trillion hand out for openers.
  • Dramatically strengthen Social Security, never mind that it is already going broke,

One of the 12 experts tapped by Stein is David Azerrad, a conservative guy from the Heritage Foundation. His “solution,” would actually work, if you buy into the idea that income inequality is a staggering problem, writes FM.

Azerrad’s idea is to ship the people in the top 1% of the income distribution to Venezuela. If you think about how the income inequality statistics work, you quickly realize that this step would immediately flatten the income distribution dramatically.

But dare we ask:  Would anybody actually benefit from this step?  Not if benefit is measured by economic success.  If “benefit” is instead measured by the exquisite satisfaction that comes from revenge, I guess you will find some of that, maybe more than you want to know about.  Go for it, progressives!

Read more here.

If you’re willing to fight for Main Street America, click here to sign up for the Richardcyoung.com free weekly email.

Related Posts

  • Venezuela's Gold Heist
  • Venezuela: Verging on Failed State Status
  • Ukrainian’s Income One-Third of Polish Workers' Income
  • Author
  • Recent Posts
Debbie Young
Debbie, editor-in-chief of Richardcyoung.com, has been associate editor of Dick Young’s investment strategy reports for over five decades. When not in Key West, Debbie spends her free time researching and writing in and about Paris and Burgundy, France, cooking on her AGA Cooker, driving her Porsche Boxter S through Vermont and Maine, and practicing yoga.
Latest posts by Debbie Young (see all)
  • Skyrocketing Costs of Building a Green Grid Are Starting - September 22, 2023
  • Doctor Faust and the Devil Come Looking - September 21, 2023
  • A Bulletproof Story Goes Amok - September 20, 2023

Dick Young’s Must Reads

  • You Need to Seek Some Shelter for When Things Get Ugly
  • In Chicago, Education Connects the Dots
  • 751 “No-Go” Zones in France
  • Why Black Lives Matter Needs to Be Shut Down
  • Work to Make Money/Invest to Save Money
  • America’s Silent Army with 423M Guns
  • America’s States Rights Revolution
  • Who’d be Nuts Enough to Have Put Money into SVB?
  • Who Wants to Depopulate the Earth?
  • Democracy: The Most Dangerous and Insidious Effect of Majority Rule.

Our Most Popular Posts

  • A High-Speed Collision with Reality
  • Will the UAW Get What It Wants?
  • New York Finds a New Way to Harass Gun Owners
  • Americans Are Not Happy with Bidenomics
  • Ron Paul Exposed the Fed and the Neocon Scam
  • Don't Tread on America's Children
  • Bidenomics Gutting Real Household Income
  • “I Want to Be a Farmer, a Garbageman, or Tom Brady”
  • Do You Really Need 8 Glasses of Water a Day?
  • So Much for Mozart

Compensation was paid to utilize rankings. Click here to read full disclosure.

RSS Youngresearch.com

  • Wellington and Wellesley Funds Not Managed by Vanguard
  • Inflation Could Kill Social Security
  • Will the Fed Hold Up Its End of the Bargain?
  • Should America Move Closer to the Saudis, or Push them Away?
  • Don’t Ask Me When to Haul Your Boat
  • Robot Warehouses Need Better Internet
  • California Mandates Drive Diesel Truck Buying Spree
  • Americans Are Not Happy with Bidenomics
  • Paris’s Big Plans for the Champs-Elysées
  • A Plan for Cutting Federal Government Spending

RSS Yoursurvivalguy.com

  • Wellington and Wellesley Funds Not Managed by Vanguard
  • Remembering Jimmy Buffett: The Oldest Surfer on the Beach
  • The Folly of Windmills from Nowhere USA
  • NYC Rolling Out the Robocops
  • Will the Fed Hold Up Its End of the Bargain?
  • Are Most NFTs Now Worthless?
  • 2ND AMENDMENT ALERT: Biden to Create New Anti-Gun Office
  • Don’t Ask Me When to Haul Your Boat
  • You May Be Surprised by America’s “Least Woke City”
  • GREENWASHING: What’s in a Name?

US Treasury Yield Curve: My Favorite Investor Tool

Five Year Treasury Yield

Skyrocketing Costs of Building a Green Grid Are Starting

Wellington and Wellesley Funds Not Managed by Vanguard

The Constitutional Case Against CBDCs

The Government Attack on Americans’ Independence

Copyright © 2023 | Terms & Conditions | About Us | Dick Young | Archives