Thursday, April 19, 2012

How to Fix Income Equality

Here's a humorous look at one way to do away with income inequality.

I recall an article in The Economist a few years ago that highlighted a Harvard study about student's attitudes towards wealth. 
The question was this; would you rather: 
a) make $100,000 a year when your friends made $200,000
b) make $50,000 when all your friends made $25,000

Of course this presents a false choice, as the study did not ask if they would be content to make the same amount of money as their friends. Nevertheless, the answer is instructive. By a margin of 4 to 1, the students chose B.

The moral of the story is self-evident as far as I'm concerned..

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