Inequality, justice, equity--modern society struggles with these values, and the media, politicians, economists, and artists address income and inequality as if it's a new issue. Anyone who reads the Bible or even Charles Dickens knows these issues have been part of human society throughout recorded history. At common law, judges developed the concept of equity to do the right thing.
The elite propose income transfer schemes and government control designed to protect and insulate the elite and keep the poor indebted to them. Some of the worst abuses have been inflicted on Native Americans or American Indians.
Now the elite have incurred massive debts that leave entire nations (and their citizens) vulnerable to a different kind of rule of equity--domination by creditors, foreign and domestic.

Tuesday, November 5, 2013


The media, politicians, economists, and artists have addressed income inequality, wealth inequality, economic justice, social justice, environmental justice, and related topics for a long time (the Bible and Charles Dickens are two popular examples), but coverage had increased in recent years.

Yet the political "solutions" that have been adopted have proven inadequate. The solutions usually proposed are doomed to failure as well. Most of these solutions are income transfer schemes designed to protect and insulate the elite.

Here we'll explore the issue from a realistic perspective.