
Vincent Geloso - What Effects Income Mobility?
The Curious Task
00:00
The Effect of Redistribution on Aggregate Economic Activity
The state disallows for example people starting their own banks just for fun well if you take a bunch of money from for instance someone that's rich in that society and give it to a person of color at that point. Great. We had a nice income inequality, maybe fix for maybe six months let's say but someone is completely screwed over on the social side and the income mobility side over time so I think it's interesting to hold those costs constant.
Transcript
Play full episode