Equality in the present age has become an idol, in much the same way as property was in the age of Locke. Many people worship it, and think that it provides the key to the proper understanding of politics, and that on it alone can a genuinely just society be reconstructed. This is a mistake. Although, like property, it is a useful concept, and although, like property, there are occasions when we want to have it in practice, it is not a fundamental concept any more than property is, nor can having it vouchsafe to us the good life. In an earlier paper I argued against equality by showing that the concept of equality was confused and that many of the arguments i egalitarians adduced were either invalid or else supported conclusions I which were not really egalitarian at all. Many egalitarians, however, have complained that my arguments were not fair, because I had failed to elucidate the concept adequately, or because the position I attacked was not one that any egalitarian really wished to maintain, or because I had overlooked other arguments which were effective in establishing egalitarian conclusions, or because the positive counter-arguments of my own I put forward more as a matter of taste than of serious political commitment. In this paper, therefore, I want to elucidate the concept more fully, concede what I should to my critics, point out that, even so, their conclusions do not follow, and give further reasons not only for supposing that egalitarian arguments are invalid but for discerning positive merits in some forms of inequality.