In a speech given in Detroit on Thursday, Republican presidential candidate Rick Santorum had this to say about income inequality.“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.”
Many in the media are upset with Santorum's words and believe that he does not understand the dynamics of the economy.
Santorum does have a very accurate view of the economy and capitalism. Because of income inequality, people are motivated to do more in order to make more. Those who say that the system is broken point to the days of the robber barons and how people were exploited by the likes of Henry Ford, Andrew Carnegie, JP Morgan and Cornelius Vanderbilt.
However, those in the media who once praised individuals like Steve Jobs are now condemning him over the working conditions is Chinese factories and how the workers there are being exploited.
In the US, if a person does not like what he is doing or how he is being treated, he can quit and find another job. Capitalism allows people the opportunity to make something of themselves. You do not see that type of freedom in Communist countries.
Income inequality drives people to better themselves so that they can move up. Liberal media tells a distorted story of how no one can get ahead and that people are doomed. This distorted story is caused by one thing, a government that wants to regulate ALL aspects of our lives.
Look at what is happening in South Carolina. Two students had their lunches confiscated by a federal bureaucrat that is probably making a nice hefty salary for inspecting children's lunches.
When the government gets involved and starts changing rules and adding more regulations, it just makes things worse.
Santorum is absolutely correct. Income inequality is a good thing. Government just needs to get out of the way and allow the system to work as it was intended.
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