the corner office

a blog, by Colin Pretorius

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Inequality

Well worth a read to see the full argument. Economist Bryan Caplan: How Egalitarianism Increases Inequality:

Lesson: If you really want a materially more equal society, stop beating up on the 1%. Do a complete 180. Smile upon them. Admire them. Praise them. Sing songs about how much good they do for the world. The direct result will be to raise their status. But the indirect result will be to pique the envy of status-conscious people, increasing the competition among the top 1%, and thereby moderating income inequality.

Imagine the headlines if a British politician tried this line of reasoning on a politics show.

{2012.01.08 - 22:40}

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