5 ms·
A typical person would rather take $95 with everyone else getting $90 than take $100 with everyone else getting $110. Is this rational or not? From one perspe
by ap22213 12y ago
A typical person would rather take $95 with everyone else getting $90 than take $100 with everyone else getting $110. Is this rational or not? From one perspective, yes - from another, no.
These comments are a reaction against the massive increase in inequality that we're experiencing. Sure, most of us are gaining a little 'from progress', but there are only a few who are gaining a lot.
So, the question is: is the inequality 'worth it'? Is 'wealth' absolute, or relative?