Re:Review: ‘The Economics of Inequality,’ by Thomas Piketty
by crdoconnor on Sunday August 02, 2015 @11:31PM
(#9993608)
>If we set it too low, people lose family homes/farms, if we set it too high the rabble-rousers bitch. There's no value that works.
People losing their family homes and farms is what should happen in a meritocratic society. Intergenerational wealth transfer is by its very nature antithetical to meritocracy.
The irony is that for many people laboring under a very unmeritocratic society, its the one sliver of wealth which keeps them afloat. Ergo they can be relied upon to support it.
People losing their family homes and farms is what should happen in a meritocratic society. Intergenerational wealth transfer is by its very nature antithetical to meritocracy.
The irony is that for many people laboring under a very unmeritocratic society, its the one sliver of wealth which keeps them afloat. Ergo they can be relied upon to support it.