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Wealth transfer isn’t going to improve anyone’s well being. Making a better lifestyle more affordable by increasing productivity will though.
by towaway15463 4y ago
Wealth transfer isn’t going to improve anyone’s well being. Making a better lifestyle more affordable by increasing productivity will though.
- millimeterman 4y agoWhile I agree that increasing productivity is the prime directive when it comes to improving standards of living, dismissing the benefits of wealth transfer is naive. Direct wealth transfer is a useful tool for mitigating market failures like labor market monopsony and the various negative externalities of excessive inequality. When used correctly, it does in fact improve economic efficiency and societal well-being.