Does it really make all that much difference whether you are a doctor at 70 who religiously put away $1,000 a month for thirty years, compounded at the old interest, and planned to retire on the interest income, or a cashless state employee with a defined benefit pension plan? The one might have over $1 million in his savings account, but the other a bigger and less risky monthly payout. Suddenly the old adult advice to our children — “Save and put your money in the bank to receive interest” — is what? “Spend it now or borrow as much as you can at cheap interest”?That guy got off easy, idling away his days as a highway patrolman or a garbageman, then being rewarded with a comfortable old age. What kind of message is this sending our youth? (The bit about cheap interest is what the classicists call a non sequitur.)
Also, some of the people Hanson doesn't like have even gotten rich:
There are not just the rich and poor any more, but now the “good rich” (e.g., athletes, rappers, Hollywood stars, Silicon Valley grandees, Democratic senators, liberal philanthropists, etc.) and the “bad rich” (e.g., oil companies, CEOs, doctors, the Koch brothers, etc.). The correct-thinking nomenklatura and the dutiful apparat versus the kulaks and enemies of the people.Both the "apparat" and the "kulaks" seem pretty flush to me. But the former get their asses kissed by fancy magazines, and the latter by Victor Davis Hanson, so I can see why they'd feel hard done by.
After decades of philosophizing, Hanson has suddenly discovered class warfare. And he wants in -- but he knows the priests at the temple of Mammon frown on that. So he's devised a dispensation for himself: He'll only rag on the undeserving rich. And while others would draw a distinction between those whose wealth is earned and those whose wealth is unearned, Hanson knows what really makes a man worthy of Fortune's smile: the right politics. These days, this is what passes for conservative populism.
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