Re:Evidence on Poverty Traps from Rural Bangladesh [pdf]
by waihtis on Tuesday December 29, 2020 @08:03AM
(#25569367)
Why is absolute equality a more desirable state than the merit-based system now in place?
[ Parent
| on HN ]
Re:Evidence on Poverty Traps from Rural Bangladesh [pdf]
by mehphp on Tuesday December 29, 2020 @08:20AM
(#25569482)
I'm not suggesting we should have absolute equality but is system we have in place really merit-based?
Last I checked, about a fourth of millionaires inherited their wealth and the vast majority had the opportunity to become wealthy due to factors completely out of their control (where they were born, to whom they were born and natural cognitive abilities).