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Larry Kotlikoff – What Explains Persistent Racial Inequality?

The Glenn Show

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Are You Going to Lose Money if You Have More Kids?

The effect of this will be to shape the cultureto shape how people think about work, about themselves and where their support comes from. The problem is, we want to help poor people, but we don't want to help everybody. So we only make the help available if people remain poor. And the incentive therefore for them to do things that make them less poor is undercut. But if we universalize the benefit, we can't afford that. We can't afford itit's a hundred % of the people that we're targeting, instead of 20% of the people. If you have more kids, now you've got your low income, more kids to share to spread that low income

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