This blog post is in response to Roubini’s crazy article claiming ‘income inequality’ was the root of the Baltimore riots this last week. That article is here.
I blogged about inequality before.
And you can find more here. By the way, the average poor person in the USA lives better than the average person in Europe.
$11,000 per person, or $24,000 per family of four is the official ‘poverty guideline for the US. But, then you get significant subsidies. According to the Wall Street Journal’s analysis (*) That is a minimum of $17,000 more in Mississippi. $41,000? How would that compare to the world?
Giving What We Can considers that amount in the top 10% world wide.
Okay. Back to the real problem. Income inequality is not the root of violence in Baltimore, or anywhere else in the world.
I live as much as I can in Ukraine. There $4 and hour is a good wage. There are not people in the streets burning down their houses and killing people.
BTW, that is $8,000/year.
The problem in the US is ‘entitlement.’ You see it in the store when some feels entitled and they cut you off.
You see this on the campaign trail when Clinton does not want to be noticed so she wears a scarf and glasses ….
It is the most basic form of greed and arrogance.
I deserve more than you deserve.
Yes, I wish Bill Gates and Bill Clinton would give their money away, instead they hide their money in tax shelters and pretend to do good.
They are as much the problem as the ‘poor’ rioting in Baltimore – IMHO. They are greedy. And they want everyone else to pay more in taxes so they do not have to.
Can we fix this? Yes, but it requires we turn to God, repent, and ask him to heal US.
Do you think we will do that?
(*) In depth analysis at WSJ.