A Review of Equal is Unfair
By Jacob Booker
Reviewed February 23, 2017
Equal is Unfair by Don Watkins and Yaron Brook is an intriguing book wrestling with the issue of income inequality and the pursuit of the American Dream. Watkins and Yaron believe the inequality critics have got it all wrong. Income inequality is not the issue, opportunity is the issue. Income inequality critics believe at their core that inequality is unjust, and that Government intervention is what leads to flourishing, Watkins and Yaron disagree. The authors give three arguments that critics will offer and refutes each one throughout the book. These
arguments include, inequality versus mobility, inequality versus progress and inequality versus fairness. In this book Watkins and Yaron address the political and economics beginnings of America, and how the United States is founded on political equality rather than economic
equality. The authors believe the real enemy to our opportunity is not our income differences but our increasing political inequality which act as barriers to economic growth and just success. The political landscape in the U.S. is changing and this change threatens the American dream.
Watkins and Yaron write in a convincing fashion that kept me glued to the book that income inequality is not the real issue. Citing how minimum wages and other methods of income redistribution do not actually help increase the wealth of the middle and lower class, but hurt them in the long run. With examples of how Inequality critics are wrong such as the fixed pie assumption which describes the critics view that economic success is a fixed sum game and there is only a given amount of wealth. This idea, among others, is refuted in the book Wealth is
created and lost at a rapid rate in the United States. This book left me with a deeper understanding of the fallacies and misgivings that modern day critics believe to be the cause of this inequality, and replaced that with knowledge of the real underlying problems in our economic situation.
The authors address the need for economics freedom and less intervention from the Government especially when the government acts as a barrier. The role for our government is to enforce justice in the market and not much else. Citing how during the 1970’s, “They
lessened our crushing tax burden, rolled back a few of the most destructive controls, and helped curb inflation-all of which helped improve the economy.” This book is clearly for the economic freedom of an intrusive government overstepping its duties in the economy. Equal is Unfair
states that Government is not the enemy, but it is beginning to look more and more like it, and to change this Watkins and Yaron help us better understand the complexity of the underlying issues at hand.
A compelling read that was hard to put down, Equal is Unfair enlightens us on the major economics issues at hand and what to do about them. Yaron and Watkins put together a compelling argument that the American dream is under attack, but the ones seeking to create
economic equality, are in fact the ones who are destroying those who have already succeeded. Instead of taking down those who have had success, let’s protect the pursuit of economic liberty and opportunity.