The Press editorial of November 12 seeks unity and common ground. But it fails because the “unity” it seeks is surrender to a radical left-wing view of the world.
It invokes “racial and economic inequalities underlying our society.” Neither “underlies” our society. Some households earn more because more of them choose to work, work harder, invest time in learning, and set aside savings rather than indulging in immediate gratification. At the other end, the proportion of prime-age able-bodied adults who chose not to work is twice what it was a generation ago. Government intervenes to rearrange the natural outcomes of these choices by taking $2.8 trillion (with a “t”) from households with above-average earnings and giving it to other households. As a result, less than 2% of the population is in objective poverty and the average after-tax income for the bottom fifth of households equals that of the middle class.