Understand Wealth From the Right Perspective

  • 01/27/2020 12:00 AM
  • Source: AAN
  • by: AAN Staff
Understand Wealth From the Right Perspective
World Economic Forum from Cologny, Switzerland [CC BY-SA (https://creativecommons.org/licenses/by-sa/2.0)]
For the globe's political and business elite attending the annual World Economic Forum in Davos, Switzerland seems like the equivalent of devout Muslims making a pilgrimage to Mecca.

However, the purpose of this trip is entirely secular, specifically, to discuss the most pressing concerns facing the global economy.

Cramming thousands of movers and shakers from across the political spectrum into a picturesque ski resort allows us to juxtapose their solutions for dealing with rising problems more efficiently than would otherwise be possible.

As always, there is a right way – and a wrong way – to find solutions to new and evolving threats.

The National Review's Deroy Murdock explains:

One recent worry is "income inequality," a phrase the Left chants more often than Catholics say "Hail, Mary." Oxfam picked Davos as the right occasion to unveil a report supposedly chillier than an Alpine breeze. The liberal NGO complained that the world's richest 2,153 people own more combined wealth than do the poorest 4.6 billion people. While that datum is eye-popping, what, if anything, should be done about it?

Oxfam CEO Amitabh Behar told Reuters: "We need to end this, and certainly end this billionaire boom."


The Left typically would narrow the income gap by making the rich less rich. This thought experiment exposes this approach's dangerous folly.

Instead of encouraging equality of opportunity, leftists would rather stroke envy and resentment for political gain, which they have done time and again successfully.

The frontrunners in the Democratic Presidential Primary breath life into the myth the rich aren't paying their fair share and that the only way to bring up those struggling is by cutting down those at the top, but life doesn't have to be a zero-sum game. 

President Trump understands that from his decades-long career as a business mogul. Assuming the role of a happy warrior, Trump faced his adversaries in Davos to succinctly explain how his administration helped untether the entrepreneurial spirit that generations before propelled America to greatness.

The results are undeniable.

"In the eight years before I took office, over 300,000 working-age people left the workforce." Trump said. "In just three years in my administration, 3.5 million people have joined the workforce. Ten million people have been lifted off welfare in less than three years . . . The average unemployment rate for my administration is the lowest for any U.S. President in recorded history."

Continue reading at the National Review.

Deroy Murdock is a Manhattan-based Fox News Contributor, a contributing editor with National Review Online, and a senior fellow with the London Center for Policy Research.
 Source: AAN
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