By Thomas Sowell
In various cities across the country, mobs of mostly
young, mostly incoherent, often noisy and sometimes violent demonstrators are
making themselves a major nuisance.
Meanwhile, many in the media are practically gushing
over these "protesters," and giving them the free publicity they
crave for themselves and their cause — whatever that is, beyond venting their
emotions on television.
Members of the mobs apparently believe that other
people, who are working while they are out trashing the streets, should be
forced to subsidize their college education — and apparently the President of
the United States thinks so too.
But if these loud mouths' inability to put together a
coherent line of thought is any indication of their education, the taxpayers
should demand their money back for having that money wasted on them for years
in the public schools.
Sloppy words and sloppy thinking often go together,
both in the mobs and in the media that are covering them. It is common, for
example, to hear in the media how some "protesters" were arrested.
But anyone who reads this column regularly knows that I protest against all
sorts of things — and don't get arrested.
The difference is that I don't block traffic, join
mobs sleeping overnight in parks or urinate in the street. If the media cannot
distinguish between protesting and disturbing the peace, then their education
may also have wasted a lot of taxpayers' money.
Among the favorite sloppy words used by the shrill
mobs in the streets is "Wall Street greed." But even if you think
people in Wall Street, or anywhere else, are making more money than they
deserve, "greed" is no explanation whatever.
"Greed" says how much you want. But you can
become the greediest person on earth and that will not increase your pay in the
slightest. It is what other people pay you that increases your income.
If the government has been sending too much of the
taxpayers' money to people in Wall Street — or anywhere else — then the
irresponsibility or corruption of politicians is the problem. "Occupy Wall
Street" hooligans should be occupying Pennsylvania Avenue in Washington.
Maybe some of the bankers or financiers should have
turned down the millions and billions that politicians were offering them. But
sainthood is no more common in Wall Street than on Pennsylvania Avenue — or in
the media or academia, for that matter.
Actually, some banks did try to refuse the government
bailout money, to avoid the interference with their business that they knew
would come with it. But the feds insisted — and federal regulators' power to
create big financial problems for banks made it hard to say no. The
feds made them an offer they couldn't refuse.
People who cannot distinguish between democracy and
mob rule may fall for the idea that the hooligans in the street represent the
99 percent who are protesting about the "greed" of the one percent.
But these hooligans are less than one percent and they are grossly violating
the rights of vastly larger numbers of people who have to put up with their
trashing of the streets by day and their noise that keeps working people awake
at night.
As for the "top one percent" in income that
attract so much attention, angst and denunciation, there is always going to be
a top one percent, unless everybody has the same income. That top one percent
has no more monopoly on sainthood or villainy than people in any other bracket.
Moreover, that top one percent does not consist of the
"millionaires and billionaires" that Barack Obama talks about. You
don't even have to make half a million dollars to be in the top one percent.
Moreover, this is not an enduring class of people. Nor
are people in other income brackets. Most of the people in the top one percent
at any given time are there for only one year. Anyone who sells an average home
in San Francisco can get into the top one percent in income — for that year. Other
one-time spikes in income account for most of the people in that top one
percent.
But such plain facts carry little weight amid the
heady rhetoric and mindless emotions of the mob and the media.
No comments:
Post a Comment