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Right, I am agreeing that innovation deserves compensation, and as a result you'll have inequality. But the degree of that inequality overall in society is sep
by jal278 13y ago
Right, I am agreeing that innovation deserves compensation, and as a result you'll have inequality.
But the degree of that inequality overall in society is separable from technological progress -- i.e. through progressive tax rates or other intervention.
You might disagree about whether such intervention agrees with you personally, but technological progress need not strictly increase the degree of income inequality