Re:The Death of the Middle-Class Musician
by RivieraKid on Sunday June 29, 2025 @01:47PM
(#44414916)
It seems pretty straightforward to me.
Wealth redistribution has this positive effect: If you take $1000 from a billionaire and give it to a very poor person, total happiness increases.
It also has a negative effect, high level of redistribution can inhibit production.
The optimal level of redistribution depends on what you're optimizing, it's usually a mix of societal happiness and some notion of fairness. (I personally would want to optimize happiness and prosperity.)
Wealth redistribution has this positive effect: If you take $1000 from a billionaire and give it to a very poor person, total happiness increases.
It also has a negative effect, high level of redistribution can inhibit production.
The optimal level of redistribution depends on what you're optimizing, it's usually a mix of societal happiness and some notion of fairness. (I personally would want to optimize happiness and prosperity.)