How did I know before opening the link that this was all a hulabalou about income inequality? 

 

First off, the whole idea of income inequality is bogus.   A hedge fund manager is going to earn more than pre-school teacher.  A brain surgeon is going to earn more than an auto mechanic.  If that pulls on your heart strings or not it doesn't matter because it's the truth. 

 

As a proud supply side economics guy I have to say that the entire premise of the IMF report is a farce because It's never been the belief that "well if you artificially increase the incomes of rich people maybe they will give some crumbs to the poor."  The premise was based on the fundamental truth that the private sector manages conserves and produces resources better than the public sector and allowing everyone to keep and manage more of their own money would lead to greater economic success over the long term. 

 

The rich get richer and the poor get poorer.  This has always been true, unfortunately the statists have been so busy banging their heads against the cement wall trying to use federal intervention to change this basic truth than to ask the most fundamental question, "why?"  The answer is so simple that it defies logic, most people who are wealthy are wealthy because they became owners of their means of production and learned to grow their business.  Those who learn to grow their business or in the case of executives managers and successful sales people those who developed highly marketable skills and learned to grow their incomes tend to keep growing their income and or business.  Those at the bottom end of the spectrum end up having to work for those at the top and hence those who are wealthy have direct control and or input over wages and infinitely greater portions of ownership. 

 

The sad thing is that in American society anyone regardless of race color creed or background has the opportunity to develop a marketable skill set, own their means of production and move to the right side of the income quadrant on their way to financial independence, but we don't talk about it and definitely do not hold up those who overcame circumstances to achieve financial independence as examples to the rest of them.   instead you have people showing up to Bernie sanders rallies demanding their FAIR SHARE!

 

We teach information in our school systems.  We don't teach the tools of success.  If the left were serious about truly increasing the wealth of average americans they would be much more efficient with the 13 plus years that they are in charge of their entire educational process. 

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