Tuesday, December 24, 2013
Inequality? I Suppose It Depends On What You Mean
SEE HERE
I think of inequality as doing the same thing equally well and getting
different results. I don't think of it as a simple equation determined
by equal bank accounts or disposable cash or anything like that. On the
other hand the extreme egalitarians among us see inequality wherever
they want to. For them an unskilled worker should get a living wage
just because ... regardless of the worth of the work he does. Aside
from being pure economic madness it fails to take into account any kind
of appreciation of the responsibility of the worker and places all
responsibility on the employer. Such practices lead to economic
collapse and not to any kind of prosperity. In the liberal imagination
money grows on trees and is inexplicably distributed unequally from a
finite and fixed supply. This is called the "zero sum game" hypothesis
and implies that if you were an eager beaver got up early and ran so you
got to the money tree first you should give some to the folks that
slept in and walked to the money tree to find all the eager beavers had
carried the money off. Selfish weren't they. You're just as good as
they are, you just need more sleep and don't like exercise. Well, sorry
folks, the world doesn't work that way.
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