The Truth About Income In-Equality

The demand for equality is an increasing one, that is aimed at leveling the wealthy with the poor, whites with blacks and Hispanics, men with women. Why shouldn’t this demand exist? After all, the founding fathers did put in the Declaration of Independence, “All men are created equal.” There couldn’t possibly be anything that isn’t altruistic about demanding equality, right? That would be correct if it was really a call for equality, but it’s not that at all. The truth is, the demand for equality isn’t actually demanding equality, but instead is demanding sameness, and usually sameness in wealth. The demand for sameness has brought on the demonization of wealthy individuals, white people (in general), and (down to the most specific) white males. These have been labeled as the oppressors of the world, and are deemed toxic.

THE DRIVING FACTOR

Everyone is equal but not the same. How? We are all equally, intrinsically valuable as living humans; we are all equal in rights, and all equal in opportunity. We are also different in the context of interests, personalities, choices, gender, race and situation, etc. We are all basically equal while at the same time being specifically different. There is one thing in particular though, that determines the difference of wealth, and that is choice. (Notice the bold and italicized print for emphasis.) The most distinguishing factor in so-called, “income-inequality”, is choice. Men and women make different choices. Blacks and whites make different choices. People in general make different choices. The decisions you make effect the outcome of your life. For instance, according to the Brooking’s Institute, if you choose to graduate high school, not have babies out of wedlock, and get a job; you are 70% more likely to be in the middle class (getting paid $55k or more) and out of poverty. In other words, making good choices earns good money; making bad choices earns…well…not so good money.

MEN vs WOMEN

The typical argument here is that the gender wage gap is that women make $0.77 to $1 a man makes. This is only true when you take the average income of all woman and divide it by the average income of all men. If this were reality, business owners are idiots who need better accountants, because they’d be saving nearly 25% on business costs by only hiring woman. According to payscale.com however, when you narrow it down to men and women in the same field with the same qualifications, the wage gap is women’s average of $0.98 to men’s $1. The reason for the other set of numbers is, men who get college degrees are more likely to major in higher earning degrees than women, and women who get college degrees are more likely to major in lower earning degrees than men. Which means, woman are more likely to choose lower paying careers with some exceptions. Women are more likely to work part-time than men. Men that work full-time are 7% more likely to work longer hours than women. Women are more likely than men to leave the workforce for the purpose of raising a family. Remember, the most deciding factor in this is choice. Women make different choices than men.

THE RACIAL WAGE GAP

This one isn’t nearly as debated as the above section, but it’s still there and talked about, just not as loudly. It’s said that black workers earn $0.87 to every $1 their white counterparts make. This again, isn’t actually true when you account for career choice and qualifications in that field. The real number is $0.98 to every $1, and similar to women the gap that is there is virtually insignificant.

THE TOP ONE PERCENT

Okay, so now you might ask, “What about the one percent? Didn’t they get rich off the backs of poor people?” Nope. The concept that anyone got rich by taking money from the poor is just silly. Businessmen become wealthy by having uniquely good ideas that set them apart from their competition. All billionaires at one point had to each take risk, get loans, hir employees and open their business to investors. None of this makes others poor, and all of it makes more people wealthy. Because of billionaires who were willing to take risks, the standard of living for the average American has become quite wealthy compared to most of the rest of the world.

Conclusion

We are all equal, but we are not all the same. Income in-equality is more of less just a testament to our diversity in decision making. If you’re a young person and want to make a good living, there are only three basic rules to follow that basically guarantee success. Graduate high school, get a full-time job, and don’t engage in pre-marital intercourse. Make good decisions to make a better you.

Published by Tim Owens

A Man with a Passion for Truth

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