Is It Time to Redistribute the Wealth?
Open to Debate
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Is Fighting Income Inequality the Same as Fighting Poverty?
I'm still not clear on how we're redistributing wealth. I guess the one thing we're all agreeing on is on higher capital income taxes. And what that certainly does do is I'm not sure it will reduce the incentive to work hard, but it will certainly reduce the gains from investing. Chris Heiberger: Do the separate challenges of fighting poverty and fighting income inequality require significantly different approaches? Alison Beale: Is there a moral hazard in the other direction? She says she's never completely bought the argument that Jeff Bezos would have worked as hard if he only made 500 million versus several billion.
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