Filed under: Capitalism, Democrat Corruption, Economy, Freedom, Politics, Progressivism, The United States | Tags: Attacking CEOs, Grasping for Money, Hillary
The news today seems to be mostly about Hillary, and about income and wealth distribution. But I repeat myself. The phrase that sticks in my mind from Hillary supporters goes something like “Don’t you want a really powerful woman to be our next president?” Well, no. And Hillary is not a “powerful woman.” She’s a celebrity — famous for being famous. Powerful women are deemed to be powerful based on their accomplishments. We can all recite a number of Hillary’s scandals, but accomplishments are harder to come up with.
(Reuters) – Hillary Clinton, under pressure from the left-wing of her Democratic Party to aggressively campaign against income inequality, voiced concern about the hefty paychecks of some corporate executives in an email to supporters.
Striking a populist note, Clinton, who announced on Sunday she was running for president in 2016, said American families were still facing financial hardship at a time “when the average CEO makes about 300 times what the average worker makes.
That’s an old phony statistic derived from an ABC News article citing a 2009 study, comparing the income from the CEOs of S&P 500 companies (which are only a part of the largest companies in the country, many of which are privately owned). And who is the average worker? Does this compare union longshoremen in west coast ports with McDonalds workers? Is the comparison with average workers in those S&P 500 companies? This is a favorite theme of the left, trying to drum up class envy and then promising to help everyone on the lower end. They talk a lot about income inequality. What they don’t talk about is human nature.
Some people are born with the proverbial silver spoon in their pampered lives. Some people desperately want to be rich, really rich. Hillary charges $300,000 a speech for a half-hour of platitudes, often to Universities who are sticking kids with huge student-loan bills. She adds on amenities due to one in her position. Some people would like to make a little more, but prefer a life that is not centered on a drive for money. They value other things in life more.
What amazes me is that Hillary’s life has been centered on becoming the first woman president. I simply don’t understand that kind of goal. Hillary has been in the public eye for 23 years. One would assume that she would have some pretty definite ideas about what she would want to accomplish as president. Apparently not. She is being urged to champion income inequality by supporters of Elizabeth Warren who like Warren’s attacks on big banks.
Most first ladies have had a philanthropic cause that they champion, though there is no formal need to do so. Laura Bush championed books and reading as a former librarian. Lady Bird Johnson chose highway beautification. There are a number of websites that tell the story of the President’s wives and their accomplishments. You can look up Hillary.
We are always fascinated by the lives of the very rich (consider Downton Abbey and the struggle to maintain that great architectural pile and avoid bankruptcy). Most people who appear on the Forbes 500 move off the list within a few years, and most people who are among the poor move up. The top 20% of the income pile pay 85% of all taxes. The bottom 20% don’t pay any taxes and are subsidized with 2.3% of national income.
Think of the kid who gets his first real job and moves out of his parents’ home. Shares an apartment, eats lots of Top Ramen and macaroni and cheese. As he gains experience and skills, he moves up. In a bad economy some move back into the parents’ home. Most of us have known someone whose drive to make money trumps everything else. Or there are those who choose to marry money. Or musicians who work dumb jobs to support their music, hoping to someday make it pay. That’s real life. It’s all very well to cite data, but real human beings are not data. Life happens.There is such a thing as luck. Some people fall into a situation where their abilities and ideas are highly valued, and some people get fired.
Real people are not statistics. Statistics and data can tell us some things, but they are not very useful in describing human nature. Some people are sure they can regulate social justice, make everything fair, end poverty, stop crime, end wars. Life doesn’t work that way. On the whole, poverty is declining everywhere. Capitalism and free markets are making everyone’s lives better, while at the same time religious fanatics are chopping off heads and throwing people into the ocean to drown because they believe in a different religion. If you don’t understand human nature in all its strengths and flaws and go on a fevered crusade to pretend to make everybody equal — it’s not going to work out too well for real people.
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