3 ms·
I think that when most people talk about income inequality, they're not actually trying to get at either of those things directly. I think the implication is t
by mquander 16y ago
I think that when most people talk about income inequality, they're not actually trying to get at either of those things directly.
I think the implication is that if we could somehow take the labor that went into the wealth of the top X% and redirect that labor toward things that benefit the bottom 100-X%, everyone would be happier in aggregate. Whether or not that's true or possible isn't clear, but it seems intuitively reasonable.
- drcode 16y agoIt indeed sounds very reasonable but is hard to put into practice: http://en.wikipedia.org/wiki/Communism http://en.wikipedia.org/wiki/Communism
- l_dopa 16y agoCute. If you look at the actual numbers, income distribution in the US looks a lot more like China than the EU, for example: http://en.wikipedia.org/wiki/List_of_countries_by_income_equality http://en.wikipedia.org/wiki/List_of_countries_by_income_equ... That's clearly not the whole picture, but it's a bit more interesting than automatically associating income equality with communism.