Inequality is a problem b/cuz inequality makes it hard 2 buy innovative products that R expensive...thank U 4 playing http://www.slate.com/articles/business/moneybox/2014/01/inequality_and_innovation_if_nobody_can_afford_new_products_who_will_make.html …
@DavidHogberg Except it's well-documented that luxury merchandise (eg Mercedes) drives innovation and leads to cheaper mass-market adoption
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@scottlincicome Don't have to convince me. Talk to Matt Yglesias. -
@DavidHogberg Oh, I know. Just venting. (ICYMI, here's a nice summary of what I mentioned: http://www.aei-ideas.org/2013/10/new-economic-concept-the-social-value-of-gazillionaires/ …)
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RTS. You didn't read the article, did you?