A reason for the “wealth or income gap”: Smart people keep on doing things that are smart and make them money while stupid people keep on doing things that are stupid and keep them from achieving.
People who get an education, stay off of drugs, apply themselves, and save and wisely invest their earnings do a lot better than people who drop out of school, become substance abusers, and buy fancy cars and houses that they can’t afford, only to lose them.
We don’t have an income gap. We have a stupid gap.
Because of course only stupid people need to go deep into debt to get an education, or get laid off in late middle age, or get sick and lose their job and then their health insurance, or have their employer go broke and dump their pension into PBGC, or have a spouse die when the kids are young, or have a child with expensive special needs. Poor people are poor because they’re drug abusers. And of course all the folks who made millions of dollars driving the economy into a ditch – and in many cases bankrupting their own employers, or leaving the taxpayers stuck with the tab – were very, very, very smart; their bonus checks prove it.
In studying contemporary wingnuttery, it’s essential not to lose site of one of its main motivations: the insensate hatred of poor people, especially but not exclusively minorities and immigrants.
Glenn Reynolds calls this the “comment of the day.” That’s an understatement. For the right wing, it’s the comment of the decade.