To me, the entire thing is based on the concept that an equal distribution of income is a good thing. Really? History is strewn with the wreckage of such social experiments from New Harmony and Walden to modern-day Venezuela. Kill economic incentive to improve one’s income and you destroy the underlying economic and political system.
“To me, the entire thing is based on the concept that an equal distribution of income is a good thing.”
First, I am not making their argument. But, most of those arguing against what they see as income “disparity” do not make arguments for “equal distribution of income” on the micro-economic level.
There usual argument is that there should not be gaps as big as they are between the income levels most people fit into - that some have “outrageously high” income levels to a great many who have “extremely low” income levels. FROM THEIR jaundiced perspective. In their view the “highs” would not be quite as distant from the “lows”. Like I said in another post, the socialist view today is to “flatten the curve”.
Of course they cannot get enough for the state out of the top whatever % of income earners, so while they shoot for higher wages on the lower levels, they regulate higher taxes on everyone, usually leaving less in the pocket of everyone than without all the “help” from socialism.