The Role of Luck in Life Is Still Misunderstood
I still think the focus on wealth/income inequality rather than on absolute poverty is irrational. I've seen people justify it to me on the grounds that people care about relative poverty, which to me reads "people are jealous". But then the result is:<p>1) A focus on inequality is irrational.
2) People focus on inequality for irrational reasons.<p>This means that if policy-makers and intellectuals fully give in to the people's wishes, we'll accept decreases in wealth in exchange for more equality indefinitely. If this sounds like a strawman, it's because we have "backstops" to inequality-decreasing wealth-destruction. But why should we tolerate any wealth destruction at all?<p>And if reducing inequality is possible without wealth destruction, why focus on inequality?<p>(This is besides the "Oxfam problem" -- there never is a coherent definition of "wealth" and Oxfam never seems to fully value people's homes and work animals and suchlike in poor countries.)