Guest: Don Watkins
On this show, Bob and Ayn Rand Institute fellow Don Watkins interpret the American Dream through an objectivist lens, in which opportunity is the result of effort and ability plus freedom, not the redistribution of wealth and political privilege. Watkins, a fellow at the Ayn Rand Institute, dropped out of university to attend business school at night while working full-time during the day. After this, he could have gone to work on Wall Street or a Fortune 500 company, and glided into America’s notorious 1% – only to be vilified by the growing choir of income inequality critics. Watkins' crime in their eyes would not have been fraud, or embezzlement. His “privilege” alone would have been sufficient cause for many to indict him, despite the value created through honest finance, such as increased opportunities for those with low incomes to afford a college education, or buy homes and durable consumer goods. Watkins instead chose to apply his talents to the realm of ideas and the foundation of a free society. In his new book *Equal is Unfair: America’s Misguided Fight Against Income Inequality,Watkins and his co-author, Yaron Brook (Executive Director of ARI), mount a bold attack on a popular narrative about the injustice of current levels of inequality.
Purchase the book at Amazon.