What kind of inequality matters most?
A discussion between Miles Kimball and Daniel Altman about inequality, opportunity, and taxation
In theory, yes. To fight inequality, no. (bigthink.com/econ201/taxati…) RT @mileskimball: Taxing big spenders is better than taxing the rich.- But not inequality in access to opportunity, the most important kind. RT @mileskimball Taxing big spenders fights inequality in consumption.
- @mileskimball In a perfect world, yes. But those measures take generatn to work. By then we'll be back to feudalism. Need fast 2nd best fix.
- @mileskimball False distinction. Control of resources and high human capital lead to opportunities (the biggest) as well as power.
- @mileskimball So what do you think is a practical solution that also deals with meritocratic concerns?
- @mileskimball The problem is that the contexts aren't meritocratic. Running for office, getting into private college, starting a business...
- @mileskimball All of these contexts are affected by wealth, and much moreso than they used to be.
