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If you have twice as much as I do, and both of us see our real wealth doubled, we would undeniably both be richer and happier. However, the entirely abstract, p
by joeclark77 12y ago
If you have twice as much as I do, and both of us see our real wealth doubled, we would undeniably both be richer and happier. However, the entirely abstract, purely-on-paper metric "economic inequality" would also double. That, in a nutshell, is why the premise is dubious. If you would argue for sacrificing real-life prosperity in order to prioritize a purely abstract "KPI", you have to prove it.
Margaret Thatcher had the last word on this: https://youtu.be/rv5t6rC6yvg https://youtu.be/rv5t6rC6yvg
Worth a watch.