Don Watkins - Equal Is Unfair : America's Misguided Fight Against Income Inequality read book PDF, TXT, DOC
9781250084446 English 125008444X We ve all heard that the American Dream is vanishing, and that the cause is rising income inequality. The rich are getting richer by rigging the system in their favor, leaving the rest of us to struggle just to keep our heads above water. To save the American Dream, we re told that we need to fight inequality through tax hikes, wealth redistribution schemes, and a far higher minimum wage.But what if that narrative is wrong? What if the real threat to the American Dream isn t rising income inequality but an all-out war on success?In "Equal is Unfair, "a timely and thought-provoking work, Don Watkins and Yaron Brook reveal that almost everything we ve been taught about inequality is wrong. You ll discover: why successful CEOs make so much money and deserve to how the minimum wage hurts the very people it claims to help why middle-class stagnation is a myth how the little-known history of Sweden reveals the dangers of forced equality the disturbing philosophy behind Obama s economic agenda.The critics of inequality are right about one thing: the American Dream is under attack. But instead of fighting to make America a place where anyone can achieve success, they are fighting to tear down those who already have. The real key to making America a freer, fairer, more prosperous nation is to protect and celebrate the pursuit of success not pull down the high fliers in the name of equality.", We'e(tm)ve all heard that the American Dream is vanishing, and that the cause is rising income inequality. The rich are getting richer by rigging the system in their favor, leaving the rest of us to struggle just to keep our heads above water. To save the American Dream, we'e(tm)re told that we need to fight inequality through tax hikes, wealth redistribution schemes, and a far higher minimum wage. But what if that narrative is wrong? What if the real threat to the American Dream isn'e(tm)t rising income inequality'e"but an all-out war on success? In this timely and thought-provoking work, Don Watkins and Yaron Brook reveal that almost everything we'e(tm)ve been taught about inequality is wrong. You'e(tm)ll discover: 'e¢ why successful CEOs make so much money'e"and deserve to 'e¢ how the minimum wage hurts the very people it claims to help 'e¢ why middle-class stagnation is a myth 'e¢ how the little-known history of Sweden reveals the dangers of forced equality 'e¢ the disturbing philosophy behind Obama'e(tm)s economic agenda. The critics of inequality are right about one thing: the American Dream is under attack. But instead of fighting to make America a place where anyone can achieve success, they are fighting to tear down those who already have. The real key to making America a freer, fairer, more prosperous nation is to protect and celebrate the pursuit of success'e"not pull down the high fliers in the name of equality., We've all heard that inequality is threatening America's status as the land of opportunity. The rich are getting richer, the poor and middle class are stagnating, and it's becoming exponentially harder for people to rise from the bottom to the top. Everyone from Nobel Prize-winning economists to the President of the United States tells us that, in order to revive the American dream, we have to fight economic inequality. But what if the real threat to the American dream is not inequality itself, but the very campaign being waged against it? In Equal is Unfair , Don Watkins and Yaron Brook argue that opportunity, for better or worse, goes hand in hand with enormous inequality. Only when people are free to earn and keep huge fortunes do we get the dynamism and innovation that fuel widespread prosperity and economic mobility. Tackling every major issue in the debate - including the origins, measurement and long-terms outcomes of inequality - the authors give a startling rebuttal to the received wisdom of today's politicians and pundits, and argue that what we should be fighting is not economic inequality, but the policies advocated in the name of reducing inequality - from confiscatory tax rates to burdensome regulations to campaign finance restrictions - that truly keep people from achieving all they can. These barriers, and not the high incomes of successful producers, are what account for the growing sense that the system is rigged and the American dream is in peril.
9781250084446 English 125008444X We ve all heard that the American Dream is vanishing, and that the cause is rising income inequality. The rich are getting richer by rigging the system in their favor, leaving the rest of us to struggle just to keep our heads above water. To save the American Dream, we re told that we need to fight inequality through tax hikes, wealth redistribution schemes, and a far higher minimum wage.But what if that narrative is wrong? What if the real threat to the American Dream isn t rising income inequality but an all-out war on success?In "Equal is Unfair, "a timely and thought-provoking work, Don Watkins and Yaron Brook reveal that almost everything we ve been taught about inequality is wrong. You ll discover: why successful CEOs make so much money and deserve to how the minimum wage hurts the very people it claims to help why middle-class stagnation is a myth how the little-known history of Sweden reveals the dangers of forced equality the disturbing philosophy behind Obama s economic agenda.The critics of inequality are right about one thing: the American Dream is under attack. But instead of fighting to make America a place where anyone can achieve success, they are fighting to tear down those who already have. The real key to making America a freer, fairer, more prosperous nation is to protect and celebrate the pursuit of success not pull down the high fliers in the name of equality.", We'e(tm)ve all heard that the American Dream is vanishing, and that the cause is rising income inequality. The rich are getting richer by rigging the system in their favor, leaving the rest of us to struggle just to keep our heads above water. To save the American Dream, we'e(tm)re told that we need to fight inequality through tax hikes, wealth redistribution schemes, and a far higher minimum wage. But what if that narrative is wrong? What if the real threat to the American Dream isn'e(tm)t rising income inequality'e"but an all-out war on success? In this timely and thought-provoking work, Don Watkins and Yaron Brook reveal that almost everything we'e(tm)ve been taught about inequality is wrong. You'e(tm)ll discover: 'e¢ why successful CEOs make so much money'e"and deserve to 'e¢ how the minimum wage hurts the very people it claims to help 'e¢ why middle-class stagnation is a myth 'e¢ how the little-known history of Sweden reveals the dangers of forced equality 'e¢ the disturbing philosophy behind Obama'e(tm)s economic agenda. The critics of inequality are right about one thing: the American Dream is under attack. But instead of fighting to make America a place where anyone can achieve success, they are fighting to tear down those who already have. The real key to making America a freer, fairer, more prosperous nation is to protect and celebrate the pursuit of success'e"not pull down the high fliers in the name of equality., We've all heard that inequality is threatening America's status as the land of opportunity. The rich are getting richer, the poor and middle class are stagnating, and it's becoming exponentially harder for people to rise from the bottom to the top. Everyone from Nobel Prize-winning economists to the President of the United States tells us that, in order to revive the American dream, we have to fight economic inequality. But what if the real threat to the American dream is not inequality itself, but the very campaign being waged against it? In Equal is Unfair , Don Watkins and Yaron Brook argue that opportunity, for better or worse, goes hand in hand with enormous inequality. Only when people are free to earn and keep huge fortunes do we get the dynamism and innovation that fuel widespread prosperity and economic mobility. Tackling every major issue in the debate - including the origins, measurement and long-terms outcomes of inequality - the authors give a startling rebuttal to the received wisdom of today's politicians and pundits, and argue that what we should be fighting is not economic inequality, but the policies advocated in the name of reducing inequality - from confiscatory tax rates to burdensome regulations to campaign finance restrictions - that truly keep people from achieving all they can. These barriers, and not the high incomes of successful producers, are what account for the growing sense that the system is rigged and the American dream is in peril.