Discovery Institute’s Center on Wealth, Poverty, and Morality, provides original reporting and analysis at the intersection of ethics, faith, and economics.

Wealth and Poverty
Free Enterprise
 

Medved on Deserving vs. Undeserving Rich

The Obama administration and its media allies are doing what they can to fan the flames of class conflict. 

Some recent polls suggest the campaign is having an effect on public opinion. But Michael Medved digs a little deeper into the data, and argues that Americans don't generally dislike the "rich," but rather, the undeserving rich:

The biggest challenge for Mitt Romney isn't that America hates the rich; it's that the public hates the undeserving rich, and deeply resents privileged punks and politically connected connivers who never performed constructive service to make their millions.

This is an important distinction, reminiscent of Arthur Brooks's distinction between "earned" and "unearned" success.