Those of you who recollect my blog post entitled, "Don't be jealous. Be happy!" would recall the extensive citation of Arthur Brooks's work on happiness.

Here's a citation from his work:

'When Arthur Brooks of Syracuse University asked people whether inequality bothered them, hewas surprised. ‘[F]ew expressed any shock and outrage at the enormous wealth of software moguls and CEOs. On the contrary, they tended to hope that their kids might become the next Bill Gates.’[1] This is how real people think. In brief where sufficient opportunities exist, ‘[r]ising inequality can even raise our happiness by demonstrating the success that our future may hold.’[2] Brooks found that ‘economic inequality doesn’t frustrate Americans at all. It is, rather, the perceived lack of economic opportunity that makes us unhappy.’ And as he pointed out: ‘If the egalitarians are right, then average happiness levels should be falling [since income inequality has been increasing in the USA]. But they aren’t.’

People are enthused (not disheartened) by economic inequality – provided it signals opportunity. Thus, people make a beeline for USA from across the world because it is perceived as the land of freedom and opportunity. Migrants know that they will start at the bottom of the ladder, but they are still willing to become American citizens – knowing that merit will be rewarded. Therefore, as Brooks noted, ‘To focus our policies on inequality, instead of opportunity, is to make a grave error’.[3]

Related posts:

1. Arthur Brooks #2. Reframing the case for liberty: a crucial contribution.
2. If you STILL believe that capitalism caused the financial crisis, then read this
3. Just found a free book on capitalism!
4. Don’t be jealous. Be happy!
5. Who was the businessman I referred to in my book?
6. Free education about liberty and economics – at the Liberty Academy
7. Lok Satta should promote liberty, not dependency
8. Wanted a Constitution that Delivers Life and Liberty
9. गिद्द (जटायू) बचाओ आन्दोलन. Save the vulture – please do read this
10. Please read every word of this: Qadri’s fatwa AGAINST heinous, anti-human, barbarous ‘Muslim’ terrorists