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The Pursuit of Happiness
What really buys happiness? Not income redistribution, but social mobility and economic opportunity. Arthur C. Brooks explains.
Some people have a vested interest in not getting it.
Some people have a vested interest in not getting it.
posted by Spencerblog at
6:59 PM
1 Comments:
Rising inequality makes for good political fodder.
Edwards is one of a group of liberal politicians, policymakers, and social activists who want to reduce economic inequality through greater taxation and redistribution of wealth. And their plan draws inspiration from a particular academic theory: that inequality is socially destructive because it makes people miserable.
What I found was that economic inequality doesn’t frustrate Americans at all. It is, rather, the perceived lack of economic opportunity that makes us unhappy.
To focus our policies on inequality, instead of opportunity, is to make a grave error—one that will worsen the very problem we seek to solve and make us generally unhappier to boot.
Leave it to backward Socialist Liberals to blindly do exactly the wrong thing in their misguided efforts to "solve" "problems" just to score political points (votes) with the lazy class.
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