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Do mean besides the hoards of research linking larger income inequality to lower growth: http://www.imf.org/external/pubs/ft/sdn/2014/sdn1402.pdf http://www.imf
by drinkzima 12y ago
Do mean besides the hoards of research linking larger income inequality to lower growth:
http://www.imf.org/external/pubs/ft/sdn/2014/sdn1402.pdf http://www.imf.org/external/pubs/ft/sdn/2014/sdn1402.pdf
http://www.nytimes.com/2014/08/06/upshot/alarm-on-income-inequality-from-a-mainstream-source.html?abt=0002&abg=1 http://www.nytimes.com/2014/08/06/upshot/alarm-on-income-ine...
http://www.sciencedirect.com/science/article/pii/0014292195000305 http://www.sciencedirect.com/science/article/pii/00142921950...
Not to mention the marginal value of dollars to the hyper rich is substantially lower.
The wealth/income distribution we have now looks very different than it did even 10 years ago, so it is worth discussing as a society what the 'correct' distribution should be. Hedge fund managers now are no better than the managers of 10-20 years ago, the system has evolved to favor them more.
We can argue about whether they 'deserve' said wealth, but research shows that the wealthy need a given dollars less than the impoverished and growth can benefit when the distribution is more equal as well.
- jiggy2011 12y ago"Hedge fund managers now are no better than the managers of 10-20 years ago, the system has evolved to favor them more." Don't hedge funds now have better technology and bots etc that boost the productivity of each trader?
- elastine 12y agoYes, but at the same time there are many more hedge funds canceling out the relative advantage of each trader.