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Archive of posts published in the tag: SALT

Growth and Inequality

It only surprises those whose blind rage over anything Trump combined with their mistaken belief that inequality is “the defining challenge of our time” (Obama).  If you prioritize inequality over growth you will have more inequality and less growth; if you prioritize growth over inequality you will have more growth and less inequality.  

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Poverty and Inequality

The prioritization of inequality over poverty is attributed to envy in some cases but more often to a violation of some sense of fairness. But just as we should care not the think of the poor as a single entity, we should be even more cautious not to group the rich or even the super-rich as a single faceless group. Some of the super wealthy have benefited us all, and some have abused the system to their advantage while providing little value. We should distinguish between the rent seekers and the rich who have improved our lives.

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