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Income inequality is a useful statistic for more purposes than just describing the strength of incentives in a system. Surely it is also one measure (amongst m
by bjhoops1 14y ago
Income inequality is a useful statistic for more purposes than just describing the strength of incentives in a system. Surely it is also one measure (amongst many) of the fairness of a system; a measure of how truly egalitarian a society really is.
- yummyfajitas 14y agoHow so?
- bjhoops1 14y agoSuppose a society in which a few families owned and controlled essentially all wealth. I don't imagine that society could be said to be egalitarian or equitable no matter what laws or "rights" its citizens had, do you?
- trhtrsh 14y agoyummyfajitas certainly does. Check his extensive posting history on this topic.