The Festering Plague of Wealth Guilt

Me: Your steak is worth more to me than my $10.

The Butcher: Your $10 is worth more to me than my steak.

thus have you learned capitalism

I’m befuddled by Abigail Disney, granddaughter of Roy Disney, brother of Walt. Because of the hard work and risk taking of her grandfather and great uncle, Abigail has enjoyed a life worthy of a Disney princess after all the glass slippers, carpet rides, and ice. She grew up in North Hollywood and attended Yale, Stanford, and Columbia where she topped off her education with a PhD in English Literature. She claims to have given away $70MM since turning 21 – which was likely when she acquired at least some of her inheritance.

Gratitude and knowledge of economics are in short supply in modern America, and Abigail seems keen on leading the charge to rid ourselves of both. As you’ll see, she’s all stocked up on virtue signaling. Regarding Disney CEO’s Bob Iger’s compensation:

Disney CEO Bob Iger’s $65.6 million total compensation is “insane,” according to Abigail Disney, granddaughter of the company’s co-founder.

The Disney heiress and philanthropist criticized the gap between Iger’s fiscal 2018 pay and that of his employees at the Fast Company Impact Council on Thursday. A recent Equilar study found Iger’s pay was 1,424 times that of the median Disney employee.

Trending: Normalizing Sin Has Consequences

It’s not the first time the Disney heiress and philanthropist has criticized CEO pay. In March, Disney stopped short of commenting on Iger’s pay in an interview on CNBC’s “Squawk Box, ” but said, “If your CEO salary is at the 700, 600, 500 times your median workers’ pay, there is nobody on Earth, Jesus Christ himself isn’t worth 500 times his median workers’ pay.”

A spokesperson for The Walt Disney Company told CNBC, “Mr. Iger’s compensation is 90% performance-based and he has delivered exceptional value for shareholders: Disney’s market capitalization has grown exponentially over the last decade, rising $75 billion in the last month alone, and the stock price has increased to $132 a share from $24 a share when Mr. Iger became CEO in 2005—all of which directly benefits literally thousands of employees who hold our stock.”

Unless you consider salvation as an income, Jesus doesn’t actually have workers on a payroll – safe bet she doesn’t know that — but let’s put her insulting and illogical remark aside. Abigail should be on her knees every day, thanking the Jesus she just mocked for everything she has been given. Instead, she views her immense wealth through guilt-covered lenses, and spits on it and the country that made it possible.

Disney is so successful – and Bob Iger compensated so well — because millions of people buy tickets for their movies, and then rush to own the digital copy when available, they throw down vast sums of money for its heavily licensed products, and pay even more to attend their amusement parks around the world. These millions of people freely choose Disney over other products, services, and vacations by a wide margin. Are they doing this all at gun point? You know your country is in bad shape when it’s more important for a member of the Disney family to falsely parade virtue than defend the true source of wealth – free enterprise.

In full redistribution mode, the heiress suggested half of what its executives earn in bonuses be given to the bottom 10% of Disney’s 200,000 employees. Why? Do they provide commensurate value? Karl Marx couldn’t have thought of a better idea.

By the way, inheritance is a good thing; it means someone in Ms. Disney’s lineage busted his/her butt to earn that money – in other words, traded physical and/or intellectual labor for the benefit of many. I applaud that and the people she has helped with that $70MM.

What I vehemently object to is the festering guilt that comes over high income earners that essentially turns them into CINOs – Communists In Name Only. It’s okay for them to be rich but God forbid – I mean to bring God into this – anyone else try their hand at success. They turn on others who make money and accuse them of theft. The inevitable Robin Hood virtue signaling – telling others what to do with their hard-earned money – is a moral fraud.

Abigail, go back to school. May I suggest Hillsdale College or Liberty University? This time, major in economics and history. If you have problems getting admitted, I hear a large donation helps.

The opinions expressed by columnists are their own and do not necessarily represent the views of Barb Wire.

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