Underrated effect of inequality is that large numbers of people have no skin in the humanity game beyond immediate survival.
@TheZvi why? Equal skin in the game seems plausible for major public works in a more equal society. Float all boats rather than edge for few
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@vgr Skin in the game is to make you work to change the outcome, and one three hundred millionth of something won't work. -
@TheZvi And I think I know why: you're really talking about countervailing *free-rider* incentives. That's a separate, orthogonal problem. - 2 more replies
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@vgr Equal skin for all = I don't have a meaningful skin in any given thing. If we have skin in different things we become unequal.Thanks. Twitter will use this to make your timeline better. UndoUndo
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