Recently, a video titled ‘Wealth Inequality in America’ was uploaded and has gained millions of views. Based on the comments section, there are a lot of really envious people who have little to no understanding of basic economics out there. I had planned on deconstructing the video, but Lee Doren of CEI has already done the work for me as only he can. If you’re not familiar with his YouTube channel, “How The World Works,” then check it out. If the old Milton Friedman show “Free to Choose” was brought back, Mr. Doren would be a great host.
The other reason I’m not breaking down “Wealth Inequality in America” is because I’m busy licking my wounds. Last night I was thoroughly thrashed by a Scrabble Shark, who lulled me into a false sense of security by starting off the game with ‘dug,’ and my wife with ‘gone.’ Shortly thereafter my wife’s friend busted out the Official Scrabble Dictionary (Who just randomly has that except Scrabble hustlers?), and both of them started slinging out words only medical students know. Like Apollo Creed I underestimated my opponents, and wound up dying on the mat.
With that said, here is Doren’s video. If you’re looking for the proper response to socialist claptrap, you’ll want to want to watch Wealth Inequality in America, The Critique.