An open letter to Paul Graham
Paul Graham is absolutely right, and those who argue against him are doing so from a position of close-mindedness.<p>First of all: it&#x27;s irrelevant to the principle whether the goal is to &quot;eliminate&quot; income inequality, or &quot;reduce&quot; it. This being HN, I won&#x27;t elaborate on why. This place should be above pedantry and people coming from all viewpoints should be able to see why it&#x27;s the case that if one is bad, so is the other.<p>Second, Graham is not arguing that the pie is getting larger. He is saying that the type of capitalistic market-based activity that increase income inequality also increase the size of the pie. Sure a new regulation that increases legal fees for the average person but increases the wages of highly educated legal professionals will be a zero sum reallocation of the shares of each slice, but that is not what PG is talking about when he says he&#x27;s in the business of creating income inequality.