« The English Riots—Posner | Main | Deserving and Undeserving Inequality–Becker »

08/22/2011

Comments

Feed You can follow this conversation by subscribing to the comment feed for this post.

Jack

Thomas: AND from Becker: "undeserved wage inequality". Gobs.

Matt

"[I]n a commercial society such as that of the United States, a political-economic system that allows able people to make and keep large fortunes produces powerful incentives to create wealth."

A point about the incentives. It seems to me that there are "diminishing marginal returns" on the incentives created. If average assets are $100,000, but society permits one to accumulate $100,000,000, I can see a strong incentive to increase assets. How much does that incentive change if the asset "cap" is bumped up 100X? 1000X? More?

At some point the additional wealth doesn't matter. Consider that those whom Buffet calls the "super-rich" often donate large amounts of their personal wealth. Imagine that instead of permitting them to acquire and then donate, we just taxed their income at 100% above a "cap" and distributed the wealth according to collective policy. If they are giving the money away already, how could it change their incentive to create wealth?

I think this suggests that we should only permit a certain degree of income inequality. There's no social value to radical inequality.

crusher

yeah .best impact crusher

ghd australia

The government of Andhra Pradesh has imposed strict limitations on microlending, and the Reserve Bank of India has proposed that similar controls be established throughout India..

chi turbo flat iron sale

The article is great!

supra shoes

I agree, those are interesting points. This task is meant to help Afghanistan repress the worrisome, if predictable, expansion of its opium economy, it will greatly hamper NATO's effectiveness.THx,

Ganiyu

Obviously the Us is bad at income redistribution

Ganiyu

Obviously the US is bad at income redistribution

cheap moncler jackets


I really appreciate your article, in fact I think you deserve a thumbs up.whyhpIIfBkAwovr

 nike shoes

Thanks for division this attractive post. There are some points here that I have not hear of earlier than. Perfect!Just keep your work!Once again, thanks for this useful post. This will be very helpful for me.

huaiyiting

http://www.nikemallchina.com Retail and wholesale NIKE、Adidas's running shoes, soccer shoes, basketball shoes,and so on.

huaiyiting

http://www.nikemallchina.com Retail and wholesale NIKE、Adidas's running shoes, soccer shoes, basketball shoes,and so on.

ugg Ultra Tall 5245

"Die meisten von Ihren ausländischen Nachbarschaft hält die autarke sagen, da das unveräußerliche geeignet von den Palästinensern", die insbesondere in englischer Sprache Alltag mit einem Stück erwähnt, Echo Peking anerkannter Standort über das Problem., [url=http://www.botasugg2011.com/]UGG Stiefel günstig[/url] , Ihre geplante Nachfrage von den Palästinensern im Zusammenhang mit UN-Konto passiert so ziemlich 12 Monate unmittelbar nach führen Zufriedenheit Aktien unter Einsatz Israel sprang auf Grund aufgrund des Wettbewerbs über Israels Struktur mit Fonds mit besetzten palästinensischen Gebiet. assoziiert, [url=http://www.botasugg2011.com/ugg-classic-cardy-5819-boots-wholesale-6.html]UGG Classic Cardy 5819 Stiefel[/url] , jedoch die US-Funktionen verunsichert, dass wird der Schritt blockieren, falls sie von der UN Protection Council entwickelt wurde, zeigt es schadet Interessenten in Bezug auf Ruhe sagt Ihnen, und die der palästinensischen sagen könnte nur aus Gesprächen mit Israel führen.

prada

ok.trop cool et je reviendrai la prochaine fois.~

jordan cool grey

Thanks for sharing. This website is to I too have to help. Very good.

mens formal wear

I can't wait to wear it for my June 2012 wedding.

landybridal

It is an extremely flattering dress!

landybridal

This dress was perfect for my wedding.

wedding520

例えば、プロ結婚式ドレス
のテーラーから裾は非常に基本的な裾のための$ 55の複数の層のための$ 200までの範囲かもしれないが、ウエディングドレス縫製の部屋の周りに自分の道を知っている人にとっては困難な雑用ではないかもしれません。それはすべてのガウンの構造に依存する。裾は非常に単純であるが、あなたのカラードレス 格安
は、裾でのレースがある場合、それはより広範な作業を必要とするかもしれないことに注意することができます。<

Cheap Moncler Sale

Having higher numbers of occupants per existing structure doesn't bode well for selling off the homes having fallen or about to fall into the laps of bankers.All of the sci-fi stories pointed to a shorter work week, more leisure time and industries developing around increased leisure time coupled with the income to enjoy it. We have nothing like that in place or even in mind. Instead those desperate for any kind of job are to work longer hours for less pay and be appreciative for their opportunity.

Air Force One

We have nothing like that in place or even in mind. Instead those desperate for any kind of job are to work longer hours for less pay and be appreciative for their opportunity.

Christian Louboutin UK

The bitter truth is that the employment prospects for a recent college grad are far more grim, especially full-time employment in their field of study.

Monster Beats Dre

There‘s always going to be people that hurt you so what you have to do is keep on trusting and just be more careful about who you trust next time around.

Monster Beats Studio

As compared to the post-World War II era, Americans with high school diplomas today are much less likely to find manufacturing jobs, because there are 2-3 billion people in emerging economies with similar skills who are willing to work more cheaply in order to have a shot at attaining a middle class standard of living.

Cheap Scarf Online

Global demographics instruct that manufacturing job growth in nations with emerging economies will continue to outpace manufacturing job growth in America.

The comments to this entry are closed.

Become a Fan

May 2014

Sun Mon Tue Wed Thu Fri Sat
        1 2 3
4 5 6 7 8 9 10
11 12 13 14 15 16 17
18 19 20 21 22 23 24
25 26 27 28 29 30 31