Income inequality is necessary for the good of all

It is untrue that some are poor because others are rich. If a order of society in which incomes were equal replaced the capitalist order, everyone would become poorer. Paradoxical though it may sound, the poor receive what they do only because rich people exist.
Ludwig von Mises, Socialism

Quote – the great enrichment


Considering what is indeed the historically unprecedented great enrichment that market economies have created for the masses, to complain about today’s differences in monetary incomes or wealth is akin to complaining about the color of a rescue ship that has just saved the lives of hundreds of people who were on the verge of drowning at sea.
– Don Boudreaux
Bogged at Cafe Hayek

Interview with the director of Poverty, Inc.

“Michael Matheson Miller of the Acton Institute and the Director of the documentary Poverty, Inc., talks with EconTalk host Russ Roberts about his award-winning documentary on the barriers facing the poor around the world. Topics discussed include the incentives facing poverty-fighting NGOs and their staff, the importance of secure and well-defined property rights, and the costs and benefits of agricultural aid.”

original source:

Riches and poverty

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“How many times have we been told that the rich are prospering at the expense of the poor? Sowell points out that most households in the bottom 20 percent in income have no one working. How can someone who isn’t producing anything have something taken from him?”
Walter Williams, “Wealth, Poverty and Politics”
http://creators.com/opinion/walter-williams/wealth-poverty-and-politics.html