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>Notice that every time someone writes an article about how some people are not cut out for higher education, it's always other people's kids who should avoid i
by ThrustVectoring 9y ago
>Notice that every time someone writes an article about how some people are not cut out for higher education, it's always other people's kids who should avoid it.
Well, yeah. That's the problem with positional goods in general. It's not that they aren't valuable to acquire or are bad for the recipients. It's that the competition is zero-sum, so we should be using our coordination mechanisms to reduce the total amount done.
Like, someone advocating a yacht tax wouldn't turn down owning a yacht. They simply think society is better off with fewer and less luxurious yachts in general, compared to the other things we could be doing with our effort.