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On the contrary, more reason for income inequality. If we are concerned for the future population, that low-time preference people with good impulse control are
by tnl_ord3 10y ago
On the contrary, more reason for income inequality. If we are concerned for the future population, that low-time preference people with good impulse control are payed more shouldn't trouble us.
Whence come this desire to destructively level everyone?
- hx87 10y agoIt's the classic efficiency vs justice tradeoff. IMO the best way to approach it is the "socialism below, capitalism above" approach combining a strong tax-funded UBI with a free-market, low-regulation (except environmental regulation) economy and a cultural move from individual ownership to collective but capitalist ownership (e.g. own REITs instead of homes, shares in Uber/GM instead of cars).