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News / Opinion / Letters to the Editor

Letter: Cheers to the 1 percent

By James Ault, Vancouver
Published: January 3, 2018, 6:00am

The fact that we have a wide range of income and wealth is one of the best signs of a robust free market economy. Capitalism has done more to lift millions of people from centuries of grinding poverty than any charity or government intervention. Individuals have a wide range of strengths, talent and ambitions and we should not place any ceiling or limit on what people can accomplish based on resentment or envy.

The secret truth is that the door to the “1% Club” is unlocked and unguarded. The great majority inside did not inherit their wealth or win the lottery. Mostly they followed their passion or dreams and opened a bakery, pizzeria or bookstore, pursued a STEM career, played professional sports or maybe invented a cellphone application. Why would society want to quash those achievers by arbitrarily saying they are not worth the success they pioneered?

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