@paulg Your athlete/artist example is my favorite on this topic. Really puts the issue into perspective and shows the double standard.
I replaced some of the claims in the economic inequality essay with stronger ones, and added a new last paragraph: http://paulgraham.com/ineq.html#note
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@paulg the foundation of your argument on the "pie fallacy" seems loose. Capital generation seems quite small. Maybe provide some refs?Thanks. Twitter will use this to make your timeline better. UndoUndo
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Argument is still flawed. If poverty =/= inequality, neither does wealth. You manufacture wealth, not necessarily inequality.
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@paulg The key disagreement people have with you is the % of a startup's success that is due to the founder vs the society it sits on top ofThanks. Twitter will use this to make your timeline better. UndoUndo
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@paulg I like how you double-down, sir
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@paulg Seems like a sure way to fight poverty is with a progressive income tax w/o the current loopholes, tying in inequality. Am I wrong? -
@samrosenthal@paulg if and only if 1. poor get to keep more b/c they spend less on taxes (but low ROI b/c law of diminishing effects)
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