Lumifer comments on Open Thread for January 8 - 16 2014 - Less Wrong

5 Post author: tut 08 January 2014 12:14PM

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Comment author: Lumifer 08 January 2014 03:33:47PM 4 points [-]

the simplest and highest utility change is to take a fixed amount from high income people and give it to low income people.

Let's add the time dimension to this analysis. What you say might be true within an immediate time frame, but it is true in the one year time frame? ten years? a hundred years?

There is also the issue of side effects. Forcibly equalizing income (or wealth) has been tried. Many times.

Comment author: ChristianKl 08 January 2014 04:03:43PM *  7 points [-]

There is also the issue of side effects. Forcibly equalizing income (or wealth) has been tried. Many times.

I don't think he advocates equalizing. It's more an argument for unconditional basic income policies. Even Milton Friedman made proposals that went in that direction.

Comment author: drethelin 08 January 2014 10:40:28PM 1 point [-]

yeah I think forcible equalization is terrible but the fact remains that you gotta get money from SOMEONE for government spending and the rich have way more of it.

Comment author: CellBioGuy 09 January 2014 12:21:32AM 1 point [-]

And are hurt FAR less by its removal.

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