‘Inequality Ahoy!’ Did Paul Krugman Forget He’s Richer than Clarence Thomas?

April 14th, 2023 2:13 PM

Insufferable New York Times economics columnist Paul Krugman apparently didn’t think his strategy through before he tried to caricature Supreme Court Justice Clarence Thomas as some kind of elitist.

Krugman’s latest drivel celebrated the George Soros-funded ProPublica’s so-called “remarkable” attack piece against Thomas for his allegedly luxurious relationship with billionaire Harlan Crow. The ProPublica piece tried to artificially generate a phony scandal over things related to Thomas’ “lavish” trips on Crow’s yacht and private jet. Krugman used the report to pontificate about inequality: “It turns out that over the years Thomas, who has portrayed himself as a man of modest tastes who likes to hang out in Walmart parking lots, has taken many lavish — and previously undisclosed — vacations at Crow’s expense,” Krugman sneered. “[This] got me thinking about big yachts and what they tell us about the state of society.” “Inequality Ahoy,” Krugman bellowed in his headline.

Krugman must have forgotten that he is a millionaire. In fact, he’s worth $5 million, according to Celebrity Net Worth (CNW), which is $4 million more than Thomas who has an estimated net worth of $1 million. In addition, CNW estimated that between The Times, speaking engagement, media commentator and teaching salaries, Krugman “routinely earns $300,000 – $500,000 per year.” Thomas, by contrast, only earns an annual salary of $220,000 as a justice on the U.S. Supreme Court. The average U.S. annual salary, according to Indeed.com, is only $55,640. Hey Krugman, “Inequality Ahoy!” 

But millionaire Krugman — suffering from an extreme lack of self-awareness — spewed nonsense at Thomas for daring to take yacht trips, and at Crow for buying one. “Indeed, yachts are a highly visible indicator of inequality, the concentration of income and wealth in the hands of the few,” he lectured. Krugman also seemed to forget that Thomas’ life story is literally a rags-to-riches tale. His own publication published a 1991 piece headlined, “From Poverty to the Bench - Clarence Thomas,” which noted that the U.S. Supreme Court justice’s “father abandoned the family to go north when Judge Thomas was 7 years old, and his harried mother sent him to live with his grandparents in Savannah, the first time he lived in a house with a toilet.” 

Thomas’ history was apparently lost on Krugman, who tried to boast his bona fides as an “inequality” fighter and browbeat his detractors and opponents as suffering from “inequality denial”:

I’ve spent a lot of time over the years following debates over income and wealth inequality. Ever since inequality began rising in the 1980s, there’s been a sort of intellectual industry devoted to what one might call inequality denial, questioning the data showing a drastic rise in incomes and wealth at the top.

The only person in denial here is Krugman, who enjoys a lucrative Marxist career bashing the bourgeoisies while he enjoys the benefits of being one himself. 

Conservatives are under attack. Contact The New York Times at 800-698-4637 and demand it distance itself from Krugman’s swipe at U.S. Supreme Court Justice Clarence Thomas.