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by not_kurt_godel
47 days ago
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And putting aside the definition of "earn", extreme wealth inequality is objectively bad for society regardless of how it arose. https://en.wikipedia.org/wiki/Effects_of_economic_inequality > Effects of income inequality, researchers have found, include higher rates of health and social problems, and lower rates of social goods,[1] a lower population-wide satisfaction and happiness[2][3] and even a lower level of economic growth when human capital is neglected for high-end consumption.[4] For the top 21 industrialised countries, counting each person equally, life expectancy is lower in more unequal countries (r = -.907).[5] A similar relationship exists among US states (r = -.620).[6] > 2013 Economics Nobel prize winner Robert J. Shiller said that rising inequality in the United States and elsewhere is the most important problem. |
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