Equality not needed for happiness

Excerpt:

James Taranto forwarded an article by Arthur C. Brooks of Syracuse University's Maxwell School. Professor Brooks makes several good arguments against the left's misguided obsession with income equality. In his research, Professor Brooks has found that inequality does not make poor people miserable and that:

"...the evidence reveals that it is not economic inequality that frustrates Americans. Rather, it is a perceived lack of opportunity. To focus our policies on inequality, instead of opportunity, is to make a serious error..."

Professor Brooks notes that some left wing academics hold that the wealthy should be taxed so that they will not work. The proponents of this theory believe that the only significance of high incomes is high earners' ability to make whoopee and spend money. This, of course, fails to grasp that high earners create consumer surplus, so that discouraging the productive wealthy from working would devastate national welfare.

Think of it this way. Let's say Albert Sabin and Jonas Salk had become wealthy as scientists. The left would argue that because they had made money in prior work, they should have been discouraged from doing further work because their high incomes might have been irritating to low-income Americans. However, the low-income Americans who would otherwise have suffered from polio might have been more irritated at the economists than at Sabin's and Salk's high incomes. Advocacy of broad policies based on narrow findings about reactions to income inequality puts academics making such generalizations into the quack category.

Brooks adds that the general level of happiness has not changed since 1972 and that economic mobility rather than equality creates happiness among Americans:

"An accurate and constructive vision of America sees a land of both inequality and opportunity, in which hard work and perseverance are the keys to jumping from the ranks of the have-nots to those of the haves. This vision promotes policies focused not on wiping out economic inequality, but rather on enhancing economic mobility."

Source

(For more postings from me, see TONGUE-TIED, EDUCATION WATCH INTERNATIONAL, GREENIE WATCH, POLITICAL CORRECTNESS WATCH, FOOD & HEALTH SKEPTIC, GUN WATCH, SOCIALIZED MEDICINE, AUSTRALIAN POLITICS, DISSECTING LEFTISM, IMMIGRATION WATCH INTERNATIONAL and EYE ON BRITAIN. My Home Pages are here or here or here. Email me (John Ray) here.)