skip to main |
skip to sidebar
Unclear Thinking About Income Inequality
From David Henderson of EconLog.
"I wanted to let you know that on Wednesday, October 22,
Intelligence Squared US will hold a debate on the motion "Income
Inequality Impairs The American Dream of Upward Mobility."
This is the opening sentence of a note I received from Ray Padgett.
Here's the public announcement.
I don't think that the participants will really be debating that
motion. If they were, it's clear that the No side should win. If
people take language seriously and 1000 people vote, the vote should be
1000 to 0. And this should be regardless of whether the voters think
income inequality is good, bad, or indifferent.
Why? Consider. The only way you can have upward mobility is if
there's somewhere to be upwardly mobile to. There cannot be upward
mobility if there is total income equality. So the only way there can
be upward mobility is if incomes are at least somewhat unequal. So the
statement, ""Income Inequality Impairs The American Dream of Upward
Mobility," is definitely false.
I recommend that Mr. Padgett figure out a way to reword the statement
so that people can actually be voting about something that divides
them."
No comments:
Post a Comment
Note: Only a member of this blog may post a comment.