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by simianwords
17 days ago
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The classic reply to this is that inequality reduces the agency of people to make decisions in the society - IOW it causes _power_ inequality. But the reply to that is that it is orthogonal to the discussion. Power should be distributed in a way that increases efficiency and not just for the virtue of doing so. |
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The only agency it reduces is the agency for people to make decisions about what should be done with other people's wealth. Which is not a productive agency for them to have as they've got an incredible conflict of interest to just waste it on themselves.