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In this episode of the weekly Budget & Tax News podcast, managing editor Jesse Hathaway is joined by Ayn Rand Institute fellow Don Watkins to talk about the American Dream, income inequality, and Selena Gomez… it makes sense when you listen to the podcast, we promise.
Contrary to what some people may say, Watkins says income equality is not the problem facing American society. Instead, the problem with society is political inequality, when some people receive more privileges than other people. Whether it be bailouts and corporate welfare for the politically well-connected, or welfare for those in poverty, unequal treatment before the law and government is the real source of problems in today’s society.
Instead of worrying about how much money people are willing to give producers of value, Watkins says we should be allowed to give our money—voluntarily—to people and businesses bringing value to our lives, and allowed to not contribute to people we don’t want to interact with. In other words, if we want to pay for a ticket to a Selena Gomez concert, we should be allowed to do so because we enjoy her music, not because someone else is forcing us to attend.