4 ms·
The distribution of outcome in one generation is, rather explicitly, the distribution of opportunity granted to the next one. Policies like progressive taxation
by idreyn 6y ago
The distribution of outcome in one generation is, rather explicitly, the distribution of opportunity granted to the next one. Policies like progressive taxation and universal welfare programs that can be cast as equal outcome initiatives are, in the minds of their proponents, often about checking this runaway feedback loop that might otherwise leave all the opportunity (wealth, by another name) piling up with fewer and fewer people.