Economics

Income Inequality – How America’s Poor became Rich

You may have heard the story of a teacher who taught a lesson about income equality.

A college class had insisted that socialism worked and that no one should be poor and no one should be rich. Income equality should be the goal for a just society. The professor put their argument to the test in a real way. “All grades would be averaged and everyone would receive the same grade so no one would fail and no one would receive an A.”

By the time the third test rolled around, every student had received an F because even the best students refused to study since they were going to get the same grade as the less industrious students.

The professor told them that socialism would ultimately fail because the incentive to work hard is based on a compensatory reward, whether it’s money or good grades.

When there is an incentive to make a profit, industrious people build things to make money.

 

from Godfather Politics…

The views expressed in this opinion article are solely those of their author and are not necessarily either shared or endorsed by EagleRising.com


About the author

Gary DeMar

Gary DeMar

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