Boris: economic inequality is a driver of effort

 
Kate McCann
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LONDON Mayor Boris Johnson gave a speech praising Margaret Thatcher and the spirit of rivalry last night, telling the audience that a bit of healthy competition is a good thing for the economy.

“The income gap between the top cornflakes and the bottom cornflakes is getting wider than ever,” he said.

“I don’t believe that economic equality is possible; indeed, some measure of inequality is essential for the spirit of envy and keeping up with the Joneses that is, like greed, a valuable spur to economic activity.”

The Mayor added that had Thatcher been alive she would definitely have had the “cojones” to push for a 24-hour hub airport and four new runways, as well as HS2.

“Though she might get it cheaper and get a bigger contribution from business,” he noted.