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  • There has been a lot said and a lot written about income inequalityabout how unfair

  • it is that a few people are very rich and the rest of us aren't; that the income gap

  • between the wealthy and even the middle-class, let alone the poor, is so large.

  • There's only one problem with this complaint.

  • It's wrong.

  • Income inequality is actually a good thing -- when it is the product of a free market economy.

  • And your own life proves it!

  • An economy is made up of millions of individuals making decisions about their own lives

  • where and how much they want to work, what they want to buy, and so on.

  • You are one of those individuals.

  • In a country like the United States, you are free to pursue a path in life that you believe

  • best suits your talents.

  • That talent might be teaching, or making music, or banking, or starting a small business,

  • or raising a family.

  • Whatever it is, this freedom helps to make life enjoyable, exciting and meaningful.

  • But it's also an expression of inequality.

  • This is simply because we're all different.

  • We have different talents, different temperaments, different ambitions.

  • That's okay becauseagain in a free societywe can seek out opportunities

  • that play to our personal strengths; that distinguish us from others.

  • If you find what you're really good at and work hard, you might have

  • great success and make a lot of money.

  • If you're an outstanding athlete, I'll buy a ticket to see you play.

  • If you're a savvy investor, I'll give you some of my money to invest.

  • As long as you have the freedom to guide your own destiny, you have a chance to reach your

  • full potentialachieving success, however you define it.

  • But if someone, say, a government bureaucrat, told you that your ambition had limits,

  • that there was a ceiling above which you could not rise, I doubt you'd be happy about it.

  • You'd feel like you were in a straightjacket.

  • Forced equality means less opportunity to pursue what makes you individually great..

  • But what about the growing gap between the rich, the 1%, and the rest of us,

  • the 99%, that one hears so much about?

  • Isn't that a bad thing?

  • Again, the answer is no.

  • Here's why: In a free market economy people become wealthy

  • making what the rich enjoy today into something almost everybody can enjoy tomorrow.

  • The rich are the test buyers.

  • Consider the cell phone.

  • Now we all have them, but when Motorola manufactured the first one in 1983 it was the size of a brick,

  • had a half-hour of battery life, reception was terrible, and calls were very expensive.

  • It cost $4000.

  • But if no one had bought that $4000 brick, there wouldn't be a $40 cell phone today.

  • In the 1960's a computer cost over a million dollars.

  • Nowadays, thanks to billionaires like Michael Dell, we have incredibly advanced computers

  • that cost us a few hundred dollars.

  • Remember what an out-of-reach luxury flat screen TV's once were?

  • Only the rich could afford them.

  • Today your living room is essentially your own private cinema.

  • The free market is about turning scarcity into abundance.

  • What was once available to the few is now available to the many.

  • Wealth inequality is an important corollary to that truth.

  • So, should I resent the people who became wealthy because they have more money than I do,

  • or should I be grateful for the economic system that allows them to enrich my life

  • and the lives of millions of other people?

  • This feature of the free marketincome inequalitycan appear terribly unfair.

  • But with a little further investigation, the real picture becomes clear.

  • Income inequality makes what once seemed like impossible luxuries available to almost everyone;

  • it provides the incentive for creative people to gamble on new ideas; it promotes personal freedom,

  • and rewards hard work, talent, and achievement.

  • In sum, income inequality signals that individual liberty, opportunity, and innovation

  • are all present in a free economy.

  • Pretty good for something that's supposed to be so bad.

  • Two final points:

  • The 1% Club is always open to new members.

  • And you don't have to be in the top one percent to have a very good life.

  • And that, not the existence of the very wealthy, is what matters most.

  • I'm John Tamny, editor of Real Clear Markets, for Prager University.

There has been a lot said and a lot written about income inequalityabout how unfair


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B1 中級 美國腔

收入不平等是好事 (Income Inequality is Good)

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    王惟惟 發佈於 2021 年 01 月 14 日