The south fork of Long Island, sometimes called "the Hamptons," is a perfect example of "income inequality."
Here, wealthy people pay millions for summer homes, galavanting around showing off their good fortune while an army of service workers keeps everything tidy and functioning.
Lobster salad at $100 a pound, why not? $36 cheeseburgers? Yum. Money is for spending, correct?
The key question: Is this wrong, as Bernie Sanders believes? Should action be taken against the "swells?"
Before I answer, let's consider the other equation. Thousands of gardeners, pool guys, restaurant servers, carpenters, and other blue-collar folks are making good money from the rich and affluent vacationers. These workers have chosen to earn their livings providing needed services. They are not hedge fund investors or trust fund baby layabouts. Most work very hard for the money.
So, do we try to punish the wealthy? Do we seek to take from them? If so, where in the U.S. Constitution is that memorialized?
The reason America is the most prosperous country in the world is it provides the most opportunity for the most people. But you have to earn your way.
Income inequality? Certainly on display in our capitalist country. Jealousy? Plenty of it. Opportunities to reach your potential?
Everywhere.
It's up to you. And the brutally false promises of Senator Sanders and the socialists won't get you there.
Life lesson number one.
See you this evening for the No Spin News.