One very often hears today the word “inequality”, but it is rarely made clear as to what “inequality” means. Certainly, nobody means the difference between the IQ of Joe Bloggs and Albert Einstein, or the looks of Greta Garbo and Gladys Bloggs. The only thing it can mean is money. People are simply complaining that they do not have enough money.
This has been going on since the beginning of time, and it must be compared to the wealth or money of other times. In the 1870s, when Cornelius Vanderbilt received an annual dividend from the New York Central Railroad (just one of his companies), the sum was $17 million. At that time, the average weekly wage in the U.S. was $3. How does that compare with today? In the 1930s, Harrison Williams became the first billionaire in America. The average weekly wage was still $3. Furthermore, there were no benefits at that time. Nannies were paid a sovereign a month. How does that compare with today?
It is clear from the above that people are not complaining that they have less money than in the past. They are simply saying that they want more. In short, the call for “equality” is just a call for confiscation. One must be very clear about that.