In his new book, Joseph Stiglitz outlines a sweeping plan to correct economic inequality http://www.theatlantic.com/business/archive/2015/11/stiglitz-heres-how-to-fix-inequality/413761/ … #choices
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@StartupLJackson E.g. there are measures that will fix poverty but make economic inequality worse. They are separate ideas.
@StartupLJackson In fact most technology has had that effect. In Neolithic Europe people were pretty equal, but all poor by our standards.
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@paulg@StartupLJackson And yet people like Mitt Romney shouldn't have had a 17% tax rate while I had 40%. -
@paulg@StartupLJackson 100 me would have used that money better towards beneficial innovation.
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@paulg@startupljackson Paul, a long tail of hyper-rich individuals does not prevent poverty-reduction policies from decreasing inequality. -
Economists probably say they're fixing inequality instead of reducing poverty because nobody likes hearing they're country is impoverished.
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@paulg The book is about *correcting* inequality, thus bringing it to a better gini coefficient, not eradicating it. No one said “equality”.Thanks. Twitter will use this to make your timeline better. UndoUndo
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