HispanicPundit + history + indonesia   1

Empire of the Son - Reason Magazine
So what happens to inequality when one profession becomes more respected?  It depends.  If people in the profession currently earn less than average, then giving them more respect increases inequality.  But if people in the profession currently earn more than average, then giving then more respect actually decreases inequality.

Now for the fun part.  Imagine people become more egalitarian, to the point where they heap scorn on the rich and successful.  What is the effect on inequality?  By the previous logic, the effect is directly counter-productive.  The more you scorn rich people, the more people you scare away from high-income professions.  The more you scare away, the lower their supply.  And the lower their supply, the higher their income!

Lesson: If you really want a materially more equal society, stop beating up on the 1%.  Do a complete 180.  Smile upon them.  Admire them.  Praise them.  Sing songs about how much good they do for the world.  The direct result will be to rais
foreignpolicy  neocons  history  indonesia  reason  sidebar 
january 2012 by HispanicPundit

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