3 ms·
why is wealth disparity the biggest social threat? Economic rent I can see being concern, especially when regulatory capture is involved, but there are many re
by malandrew 10y ago
why is wealth disparity the biggest social threat?
Economic rent I can see being concern, especially when regulatory capture is involved, but there are many reasons for increasing wealth disparity that are completely fair.
Many of those being rewarded with wealth have built and led companies that have improved productivity and allowed many of those on the other side of the wealth divide to do more with less. Is it not fair to compensate them accordingly for the ways they have improved general welfare?
- eevilspock 10y agoNo. It may be fair to compensate people for greater effort. But the person who was born tall does not deserve a greater share of the coconuts just because only he can reach them. Our system not only greatly rewards/punishes circumstance of birth, it further rewards those who leverage their luck to secure more even advantage, while the unlucky are forced to compete with each other in a race to the bottom for the scraps.