Rick Santorum gave a speech in Detroit on February 16th, 2012 on the topic of economics from a conservative point of view. As usual, the liberal media pulled an out-of-context paragraph and then gave it their own Leftist interpretation:
“I’m not about equality of result when it comes to income inequality. There is income inequality in America. There always has been and, hopefully, and I do say that, there always will be.”
To Liberals who don’t know anything about economics, these comments are like blood to chickens. “As a cannibalistic animal, chickens are provoked by the sight of blood and will peck at each other, eventually killing off much of the flock.”
In 1939, the National Band & Tag Company invented small glasses with red lenses designed to be held on the chicken’s beak with a cotter pin that went through the nostrils. One advertisement for the “rose-colored glasses” read, “Stop Cannibalism with National’s New . . . ANTI-PIX.” If you don’t believe me, watch the 1947 Paramount Newsreel about the rose-colored chicken glasses. For more information see here, here and here.
Like chickens, Liberals can’t help from picking conservatives to death by misrepresenting their views.
If Liberals want income equality, let them go to Cuba. Yes, we do have income inequality in the United States, and it’s a good thing. If we had income equality, we would all be equally poor.
The people with an unequal amount of money use that money to create businesses, invest in start-up companies that need capitalization, and buy things that are initially expensive but by their purchases lower the price for the rest of us in the future. By doing all of this, they create jobs!
In a free society, income equality does not have to be a permanent condition. There is always room for income advancement. There are no dead-end jobs in America only dead-end people. Attempts to remove income disparity by government edict will always fail and will make economic conditions worse for the people who vote for it.
People who are envious of the wealth of others will never advance economically. They will blame their have-not condition on the haves, never considering that at one time the majority of haves were once have-nots. A history of enterprise in America will show that this is true.
Apple Inc. stock just hit the $500 per share mark a few days ago. Throughout the 1980s, the price of Apple stock ranged from $1.65 in 1985 to under $10.00 in 1990. “As of September 24, 2011, the company had 60,400 permanent full-time employees and 2,900 temporary full-time employees worldwide; its worldwide annual sales totaled $65.23 billion, growing to $108.249 billion in 2011.
Steve Jobs, Steve Wozniak, and Ronald Wayne (who sold his share for $800) established Apple on April 1, 1976. It was multi-millionaire Mike Markkula who provided essential business expertise and funding of $250,000 during the incorporation of Apple. Today, Apple is the most valuable company in the United States, beating IBM, Chevron, Wal-Mart, Exxon, Microsoft, Procter & Gamble, AT&T, Berkshire-Hathaway, and Google.
Apple’s first computer was hand-built by Wozniak in a garage. Talk about income inequality.
One last point. A chart created by the AFL-CIO shows that the difference between average CEO and average worker pay has been dropping since 2000. It was the Bush tax cuts that made the difference: