Ask HN: How exactly apart from taxes, can income inequality be reduced?

Re:Ask HN: How exactly apart from taxes, can income inequal... by kwikiel on Friday May 06, 2016 @01:51PM (#11645513)

By making everyone poorer by hurting free trade

"You can't prevent great variations in wealth without preventing people from getting rich, and you can't do that without preventing them from starting startups. "

http://paulgraham.com/ineq.html

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Re:Ask HN: How exactly apart from taxes, can income inequal... by smt88 on Friday May 06, 2016 @02:03PM (#11645592)

Paul Graham deeply misunderstands the argument against inequality, and he's also dead wrong that starting startups is what makes most people reach. Most wealth is institutional and/or based on rent-seeking. Starting startups is not rent-seeking.

After writing this article, Graham was justifiably annihilated by journalists, fellow VCs, real economists, and founders.

YC-funded founder: http://www.inc.com/jeff-bercovici/paul-graham-wrong-inequali...

Mark Suster: https://bothsidesofthetable.com/why-i-don-t-celebrate-income...

Harvard sociologist: http://qz.com/586563/paul-graham-just-accidentally-explained... and also https://medium.com/@girlziplocked/paul-graham-is-still-askin...

Roundup of several economists: https://www.washingtonpost.com/news/wonk/wp/2016/01/14/what-...

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