Equal Is Unfair: America's Misguided Fight Against Income Inequality

We’ve all heard that the American Dream is vanishing, and that the cause is rising income inequality. The rich are getting richer by rigging the system in their favor, leaving the rest of us to struggle just to keep our heads above water. To save the American Dream, we’re told that we need to fight inequality through tax hikes, wealth redistribution schemes, and a far higher minimum wage.

But what if that narrative is wrong? What if the real threat to the American Dream isn’t rising income inequality—but an all-out war on success?

In Equal is Unfair, a timely and thought-provoking work, Don Watkins and Yaron Brook reveal that almost everything we’ve been taught about inequality is wrong. You’ll discover:

• why successful CEOs make so much money—and deserve to

• how the minimum wage hurts the very people it claims to help

• why middle-class stagnation is a myth

• how the little-known history of Sweden reveals the dangers of forced equality

• the disturbing philosophy behind Obama’s economic agenda.

The critics of inequality are right about one thing: the American Dream is under attack. But instead of fighting to make America a place where anyone can achieve success, they are fighting to tear down those who already have. The real key to making America a freer, fairer, more prosperous nation is to protect and celebrate the pursuit of success—not pull down the high fliers in the name of equality.

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Equal Is Unfair: America's Misguided Fight Against Income Inequality

We’ve all heard that the American Dream is vanishing, and that the cause is rising income inequality. The rich are getting richer by rigging the system in their favor, leaving the rest of us to struggle just to keep our heads above water. To save the American Dream, we’re told that we need to fight inequality through tax hikes, wealth redistribution schemes, and a far higher minimum wage.

But what if that narrative is wrong? What if the real threat to the American Dream isn’t rising income inequality—but an all-out war on success?

In Equal is Unfair, a timely and thought-provoking work, Don Watkins and Yaron Brook reveal that almost everything we’ve been taught about inequality is wrong. You’ll discover:

• why successful CEOs make so much money—and deserve to

• how the minimum wage hurts the very people it claims to help

• why middle-class stagnation is a myth

• how the little-known history of Sweden reveals the dangers of forced equality

• the disturbing philosophy behind Obama’s economic agenda.

The critics of inequality are right about one thing: the American Dream is under attack. But instead of fighting to make America a place where anyone can achieve success, they are fighting to tear down those who already have. The real key to making America a freer, fairer, more prosperous nation is to protect and celebrate the pursuit of success—not pull down the high fliers in the name of equality.

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Equal Is Unfair: America's Misguided Fight Against Income Inequality

Equal Is Unfair: America's Misguided Fight Against Income Inequality

Equal Is Unfair: America's Misguided Fight Against Income Inequality

Equal Is Unfair: America's Misguided Fight Against Income Inequality

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Overview

We’ve all heard that the American Dream is vanishing, and that the cause is rising income inequality. The rich are getting richer by rigging the system in their favor, leaving the rest of us to struggle just to keep our heads above water. To save the American Dream, we’re told that we need to fight inequality through tax hikes, wealth redistribution schemes, and a far higher minimum wage.

But what if that narrative is wrong? What if the real threat to the American Dream isn’t rising income inequality—but an all-out war on success?

In Equal is Unfair, a timely and thought-provoking work, Don Watkins and Yaron Brook reveal that almost everything we’ve been taught about inequality is wrong. You’ll discover:

• why successful CEOs make so much money—and deserve to

• how the minimum wage hurts the very people it claims to help

• why middle-class stagnation is a myth

• how the little-known history of Sweden reveals the dangers of forced equality

• the disturbing philosophy behind Obama’s economic agenda.

The critics of inequality are right about one thing: the American Dream is under attack. But instead of fighting to make America a place where anyone can achieve success, they are fighting to tear down those who already have. The real key to making America a freer, fairer, more prosperous nation is to protect and celebrate the pursuit of success—not pull down the high fliers in the name of equality.


Product Details

ISBN-13: 9781250084446
Publisher: St. Martin's Press
Publication date: 03/29/2016
Pages: 272
Product dimensions: 6.50(w) x 9.20(h) x 1.10(d)

About the Author

Don Watkins is coauthor, with Yaron Brook, of the bestseller Free Market Revolution. A fellow at the Ayn Rand Institute and a former Forbes.com columnist, Watkins writes for The Guardian, USA Today, and FoxNews.com, among many others. He is the host of the podcast The Debt Dialogues.

Yaron Brook is executive director of the Ayn Rand Institute and host of the weekly radio show The Yaron Brook Show. Brook writes for the Wall Street Journal, USA Today, Investor's Business Daily and many others.

Table of Contents

Part 1 Making Sense of the Inequality Debate

1 Who Cares about Inequality? 3

2 Examining the Inequality Narrative 19

Part 2 Discovering the American Dream

3 The Land of Opportunity 51

4 The Conditions of Progress 83

Part 3 The Betrayal Of Opportunity

5 The War on Opportunity 117

6 The Money-Makers and the Money-Appropriators 145

7 Understanding the Campaign against Inequality 177

Conclusion: How to Save the American Dream 219

Acknowledgments 231

Notes 233

Index 253

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