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There is correlation, but this entry says: > Indeed, the empirical literature on the causal effect of inequality on economic growth is largely inconclusive. I
by jopsen 9y ago
There is correlation, but this entry says:
> Indeed, the empirical literature on the causal effect of inequality on economic growth is largely inconclusive.
It's tempting to think that income inequality drives demand down and causes less economic growth. I would actually agree, yet the scientific evidence might be missing.
IMO, we should put limits in inequality, not because of what we think it might do to the economy, but because it's the decent thing to do! Because we're nice human beings :)
- maxxxxx 9y ago"IMO, we should put limits in inequality, not because of what we think it might do to the economy, but because it's the decent thing to do! " Agreed! In the end it's a question of values.
- jopsen 9y agoWriting another comment I realized I used the term "decent", because these values sits very deep in me that it was just feeling. Reflecting on that I suspect the thing I really want is to: maximize happiness in the universe. (no more, no less)