Pew charts the fast widening racial inequality in America:
The median wealth of white households is 20 times that of black households and 18 times that of Hispanic households, according to a Pew Research Center analysis of newly available government data from 2009.
Should conservatives be indifferent to this disparity? I don’t think so.
This is not because social and economic inequality is inherently bad; it is that this magnitude of social and economic inequality is destabilizing for a society. It turns one nation into two; far from buttressing market capitalism, it risks undermining its legitimacy, leading to all sorts of populist outbreaks, such as the rightist one we are now experiencing, and almost certainly a more full-throated leftist one in the near future.
People who care about keeping America prosperous and stable have to come to terms with this staggering fact:
The bottom 50 percent of households, based on pretax income, make less combined than the top 1 percent. Only three decades ago, the bottom half made more than twice as much.
Context matters. After three decades of sharply rising inequality, it should not be beyond the conservative imagination to offer something more than merely more tax cuts for those whose attachment to the society as a whole becomes, necessarily, weaker and weaker.