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You also have to make sure that some meaningful fraction of the rewards for those productivity gains actually go to the general population — rather than being c
by rectang 2y ago
You also have to make sure that some meaningful fraction of the rewards for those productivity gains actually go to the general population — rather than being captured by a tiny fraction at the top of the socioeconomic ladder. Otherwise you get Elon Musk with 11 kids but a broad-based demographic decline.
- esafak 2y agoGreece has no qualms about redistributing wealth. Their sin is going too far in the other direction and not supporting business-friendly policies.
- gruez 2y agoBut according to the OCED, the gini coefficient actually dropped slightly from 2010, indicating that it's actually gotten more equal. https://data-explorer.oecd.org/vis?df[ds]=DisseminateFinalDMZ&df[id]=DSD_WISE_IDD%40DF_IDD&df[ag]=OECD.WISE.INE&dq=.A.INC_DISP_GINI..._T.METH2012.D_CUR.&pd=2010%2C&to[TIME_PERIOD]=false&ly[cl]=TIME_PERIOD&ly[rs]=COMBINED_UNIT_MEASURE&ly[rw]=REF_AREA&vw=tb https://data-explorer.oecd.org/vis?df[ds]=DisseminateFinalDM...
- giantg2 2y agoIt would surprise me if Elon didn't have 11 kids even if he wasn't rich. Sperm private sperm donors are a thing and many hit double digits.