Comment on Open Thread for January 8 - 16 2014

Wed, 08 Jan 2014 15:33:47 GMT

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.

Discuss