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> But my objection to rent control has always been that it is wealth distribution by lottery. There's a lot of luck in how wealth is distributed already. 1.
by bb88 8y ago
> But my objection to rent control has always been that it is wealth distribution by lottery.
There's a lot of luck in how wealth is distributed already.
1. Being born into a wealthy family.
2. Being born into an area with good schools.
3. Being born with good genes that kept you healthy (lower cost of health care)
4. Winning the lottery (powerball or say immigration)
5. Starting 10 startups in the hope that 1 of them will make it big.
6. Funding 10 startups in the hope that 1 of them will be the next unicorn.
- jaredklewis 8y ago> There's a lot of luck in how wealth is distributed already. I totally agree (all of your examples are good). But how do we improve the situation by also making regulatory policy luck based? If Social Security worked by giving large pensions randomly to 1 out of every 100 enrollees, and leaving the other 99 with nothing, that might better reflect how wealth is already distributed, but I would argue it is a horrible idea. I would argue that regulatory policy should attempt to smooth out the distribution of wealth, not make it more erratic.