Veritas et Sapientia-Trump Is Right: ‘Murican Income Inequality Is Real

Mandeville, LA – [Editor’s Note: This excerpt is fully credited to F.H. Buckley and the American Conservative Magazine. Candidate Donald Trump has correctly identified income inequality as a very real problem for real people, here is the proof. – M.C.] “What Obama had spoken to were the classically liberal themes of equality and mobility, of the promise of a better future. The Republicans weren’t interested in inequality—but inequality was interested in them. The conservative elite told us that we were a center-right country, that we didn’t do class warfare, that envy was un-American. But the voters, invertebrates that they are, disagreed. In fact, they thought Obama was on to something when he said that secretaries shouldn’t have to pay a higher tax rate than their billionaire bosses.

While the left had complained of inequality, the far greater problem is immobility, especially the idea that it results from a set of unjust rules that advantage a new class of aristocrats. We might be prepared to accept the fact of deep income inequality if we thought that everyone stood the same chance of getting ahead and that people were sorted out by their abilities. That indeed is the American Dream. But now the countries of high mobility are Denmark and Canada. Must we then speak of the Danish and not the American Dream? If so, the core understanding of American exceptionalism will have been lost.

Table 1 reports on how countries rank on a measure of mobility, the correlation between the earnings of fathers and sons. With a ranking of zero there is perfect mobility, and perfect immobility with a ranking of one. It will come as a surprise to realize that the U.S. is one of the most immobile countries in the developed world, that children in other such countries are better able to climb the economic ladder. Through a broken educational system, insane immigration laws, a regulatory state on steroids, a disregard for the rule of law, we have created an aristocracy and betrayed the promise of America. – F.H. Buckley, American Conservative Magazine

TheKingDude

Host of the Mike Church Show on The Veritas Radio Network's CRUSADE Channel & Founder of the Veritas Radio Network. Formerly, of Sirius/XM's Patriot channel 125. The show began in March of 2003 exclusively on Sirius and remains "the longest running radio talk show in satellite radio history".

See Full Bio