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“The inherent vice of capitalism is the unequal sharing of blessings. The inherent virtue of Socialism is the equal sharing of misery Winston Churchill (1874-1965) In Parliament 1948
Capitalism is under attack. Democrats are fearful that their comfortable Washington lives may become subject to an investigation now that the Mueller investigation expired without a crime. The best defense, it is said, is a good offense, and that is the strategy being pursued by Democrats. One such attack is a renewed focus on income and wealth disparities – the “inherent vice” of capitalism, as Churchill noted. Doing so justifies their predilection for income redistribution. Inequality has become falsely synonymous with capitalism. Even some on the right have become fearful of defending capitalism. No one denies that income and wealth gaps exist. But, are today’s unusual? Most important, do they interfere with social and economic mobility?
While our two fundamental documents, the Declaration of Independence and the Constitution say we are created equal and are provided equality under the law, neither says anything about equality of outcomes. The French, though, did in 1789, and they got a reign of terror, the dictatorship of Napoleon and a restoration of the Bourbons, before, eventually, falling into democracy. The Russian Revolution was supposed to bring equality, but it brought one of the harshest governments to which man has ever been subjected, and the Country remains unfree, with inequality higher than in western democracies. Inequality is the natural state of man.