Tuesday, April 28, 2020

Economic Disparity

I care about disparity in wealth: I want more disparity between starvation levels and the poorest poor. If the richest rich also increase their prosperity in so doing, I have no objection to letting them. 

Of course, I think it is also good to exhort rich and poor to work hard; to seek to add value to the world; to buy and sell goods and labor at just and honest prices; and to be generous to the unfortunate poor.

I am convinced that shutting down and discouraging such large parts of our economies increases the disparity between the richest rich and everyone else. The poorest poor are even more facing starvation, after decades of reducing starvation around the world. And much of the financially-stable middle class is being sunk into poverty. 

Sure, the richest rich are not making as much money, but they are still making it, and they are not in danger of losing the power and influence their money buys. To the contrary, the richest rich are posturing for greater influence in a panicked world controlled by central planners more than ever. 

Meanwhile, the way our US government is addressing the lockdowns, rather than re-opening, is to borrow a whole bunch of money with which to pay paltry sums to poorer individuals, and money in the millions to the already influential lobbies representing the interests of the richest rich. 

Free people engaging in free economy is the most effective means of resisting corruption and improving the economic status of the poor.

To God be all glory.

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