Equity is a clever woke term masquerading as envy

in #equity4 years ago

Is it not ironic all the talk about environmental sustainability yet little questioning the sustainability of money printing, debt creation, artificial interest rates and wealth transfers? We'll print our way out of is mess? We'll borrow our way out of this mess? If we take from productive citizens and give to unproductive citizens we'll get out of this mess.

For all the "adults" imagine being called into a meeting at work and being told that the company is failing, but don't worry management has a plan for growth and recovery. Their plan is to borrow a ton of money, give pay raises and promotions to the worst employees, hire diversity and inclusion advisors, and pay a board big salaries to approve all decisions. You'd be quitting immediately and looking for a new job right? Analogy isn't perfect, but you get the point: populism will only work to lower everyone down to the same level and impoverish all. Mal-investment, distortion and wealth creation are the end results of "equity" nonsense.