Two leading economists disagree about the flagging American Dream

Re:Two leading economists disagree about the flagging Americ... by papeda on Sunday May 17, 2020 @10:23PM (#23217569)

I'm not sure random draws are even better from a zoomed-out "total welfare" score. People get lot of value from preparing for the future and believing good things will probably happen, especially when it comes to their kids. The random straws outcome makes that impossible. That's a lot of utility to leave on the table.

The flip side is that parents who could not ordinarily build for their kids' futures might feel better. I wonder if that's enough to compensate.

[ Parent | on HN ]

Re:Two leading economists disagree about the flagging Americ... by maxerickson on Sunday May 17, 2020 @10:55PM (#23217801)

Yes, my second paragraph is addressing random draws probably not being ideal.

But I'm saying that I think that because humans and groups of humans are complicated, not just because I think it's important to reward parents that value and plan for their children's future.

[ Parent | on HN ]