3 ms·
> Maybe the consequences of that in terms of individual wealth ownership are unpalatable to you, but the alternative would result in an option that is net signi
by craftsman 4y ago
> Maybe the consequences of that in terms of individual wealth ownership are unpalatable to you, but the alternative would result in an option that is net significantly worse for society.
The alternative? Surely there are more than two ways of organizing society: (i) one with successful entrepreneurship but large wealth inequality, and (ii) presumably one without successful entrepreneurship along with various other characteristics that make that society clearly "net" worse than it would be in (i).
For example, I could imagine a tax regime which resulted in a cap on individual wealth at, say, 1% of GDP. Or 5%. Or 0.1%. Or ...
It's not clear to me that there's an unambiguous demarcation between only two types of societies, and one which is observed across all possible policy or economic schemes.