In other news, Adam Smith taught the Water-Diamond "paradox" was real. However, this is a twisted statement: There is no trade-off in the sense that "OMG, let'

In other news, Adam Smith taught the Water-Diamond "paradox" was real. However, this is a twisted statement: There is no trade-off in the sense that "OMG, let's create more inequality so we get richer!" Instead, given that people are not the same, and luck as well as effort both play a role in outcomes, there will always be some inequality in outcomes. However, in any system designed to ensure that everyone has the same rewards (by taking from those with good outcomes and giving to those with bad), effort and investment will be disincentivized. Do it starkly enough and both the pie will shrink faster than armchair socialists can ever imagine and some people will still be more equal than others.