Interesting musings from the economist Maarten Boudry on the topic of inequality, in a post titled “Is extreme wealth a greater evil than extreme poverty?”:
Imagine you could wave a magic wand to make one thing disappear from the world: extreme poverty or extreme wealth. Which would you choose? Let’s assume, for the sake of argument, that we won’t be liquidating anyone: we’ll just hand out and take away money, respectively.
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