Monday, December 12, 2011

Voters Not Concerned About Income Inequality

From Bloomberg, "Voters Not Buying Obama’s Bogus Inequality Talk" by Ramesh Ponnuru:
When the National Opinion Research Center asked people whether they believed the government has a responsibility “to reduce the differences in income between people with high incomes and those with low incomes,” in 2008, only 37 percent agreed. Forty-three percent disagreed, and 20 percent had no opinion. When pollsters ask people to name the top issue facing the country, almost nobody volunteers inequality, notes Karlyn Bowman, an opinion-research analyst at the American Enterprise Institute. “I’ve literally never seen it cross the 1 percent threshold,” she says.

But if voters don’t especially care about how much money the rich are making, they do care about how much they themselves are making. A return to robust economic growth and rising middle-income wages doesn’t require reversing a decades-long trend toward higher inequality. It requires improvements to our monetary, tax and health-care policies.

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