The Price of Inequality

Recently, the United States has had a glut of school shootings, and you may be wondering what that has to do with the title. I am going to suggest, quite a lot, indirectly. It also illustrates society’s inability to reason. There are continual calls for gun control, and while I agree there is a rather bizarre lack of responsibility in the ability to buy guns in the US, I do not think that is particularly relevant to what has happened. When I was a boy, I had access to a 22 calibre rifle that I used to go rabbit shooting (rabbits are a real pest in Australia and New Zealand because there are no controlling predators) and yes, I went out and shot rabbits, as did some of my friends, but nobody even thought about going out and shooting a person, let alone a bunch of school children. Why not? Because we all were looking forward to joining society, and we had ambitions. Not big ambitions, but we saw our future place. Of course it did not turn out as we envisaged, but it never does.

So, what is different now? My guess is that too many of the younger generation do not see a future they want. In the US, they see the rust belt, they see the jobs have gone to Asia. Of course the more capable ones see a future, but my betting is the shooters are the very disgruntled ones that see themselves heading to the bottom of the heap. They see nothing to live for, so their warped thinking says they should take out some others first.

And here I come to inequality. What can a young person aspire to, if they are of the pessimistic style nature? In many places, house costs have risen hopelessly so as to price out such ownership from the below average income earner, and worse, more and more people are becoming below average. That is because all the wealth has rocketed into the hands of a few. They see the elderly coming to the point where they cannot retire because they cannot afford to. It is all very well to say that the elderly like working. Some do, but many have started a decline in their health and can’t. Too many people spend most of their income balancing a debt problem. Now you may say, that is their fault, and to some extent it is, but what sort of society are we if there is no way out for the tolerably useful?

An added problem is that as the general income declines, and governments seem determined to lower taxes on the rich, who, by and large, pay surprisingly little anyway, then we see a decline in social welfare, like healthcare, pensions, and an increase in education costs. And what is bizarre, and shows that in a democracy you cannot go wrong by assuming the general population is mathematically illiterate, we find the poor voting for a tax cut that will save them the odd few dollars a week only to find their costs for social services have risen astronomically. And a further odd thing about this is that governments tell their people that they are making progress by privatising such social requirements. “The private sector does things more efficiently,” the economists say, without bothering to check whether the private sector is actually doing it for any but the rich. If you don’t believe me, check the US drug prices, and compare them with many other countries with a state-run single buyer system. Of course the private sector is more efficient but that is at making money, its only real objective.

So, what we see are a few who are making money in truly gross amounts by taking from the many. By and large they are not adding anything to society. Since when did credit default swaps increase the general well-being? And this is what the young see. Something needs to be done, but they feel helpless. Except for the unfortunate monster with a gun.