5 days ago · 6:30 PM
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Is income inequality truly the "defining challenge of our time", as President Obama said and many pundits loudly pronounce? Should we really care?
For the next few meetups of the Ayn Rand Book Club, we will be discussing Don Watkins and Yaron Brook's new book: "Equal Is Unfair: America's Misguided Fight Against Income Inequality". For this particular date, we'll venture into part 3, "The Betrayal of Opportunity", and discuss chapters 5 and 6.
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 hope you can join us!
PS: Do not hesitate and please do come if late.