Pat Buchanan: Income Inequality Is Not a Problem as Long as There Is Economic Mobility

On this weekend’s episode of the syndicated public affairs program “The McLaughlin Group,” conservative commentator Pat Buchanan downplayed the recent Oxfam report showing the richest 85 people in the world have the combined wealth of the poorest 3.5 billion people in the world. According Buchanan, as long as there is economic mobility that leads to a higher standard of living, inequality is not an issue.

“A recent study that came out earlier this week showed there is an enormous amount of economic mobility, quite frankly,” Buchanan said. “But look John, let’s take a look at the last 50 years or so. All of Eastern Europe is free. Their standard of living is up. The whole Soviet Union came apart. Communist China, Mao’s China – I was there. You had great equality there when Nixon and I were there in 1972. But now you got billionaires and millionaires and people making $100,000 and people making nothing.”

“Inequality is not the problem as long as everybody is moving up,” Buchanan continued. “Who cares if Mort [Zuckerman] has got a billion dollars and you and I may not?”

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