A billionaire would actually be worse off than some one in middle class to day. And i think that is driven through incentives, even though those incentives can cause a bigger delta between people. Yet we certainly don't want to take away the incentives to innovate and to make the quality of lives of people better.
Wealth inequality has been increasing for decades, and recently, there has been a heightened focus on billionaires as we debate what to do about the concentration of large swaths of wealth in a few hands.
In this episode, Steph and Cal discuss whether or not billionaires should exist, common proposals for dealing with billionaires, and a few policy proposals for how we can start thinking about tackling wealth inequality.
Whether you find yourself saying, "billionaires are evil and don't deserve all that money", "billionaires deserve what they have earned", or "I don't care about billionaires, but I care about a world with more equality of opportunity," this episode is for you.
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