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To summarize, inequality is reduced when labor becomes more valuable or when everyone becomes poor. A good argument for why reducing inequality has problems as
by AbrahamParangi 6y ago
To summarize, inequality is reduced when labor becomes more valuable or when everyone becomes poor.
A good argument for why reducing inequality has problems as an objective.
- jacquesm 6y agoThat's quite a poor summary.
- AbrahamParangi 6y agoWhat would you add?
- aiioquip 6y agoPersonally there's nothing I could add that would fix this, it has to be scrapped. Financial equality is not about making everyone poorer (more realistically it just makes a small group poorer), and also labour becoming less valuable is a consequence that can simply be fixed by distributing wealth to those who lost their jobs, not by trying to force labour to become more valuable.