The Incentive Structure of the Government

3min Snip

00:00

Play full episode

Summary

Transcript

Episode notes

The difference between someone like bill gates, who's investing in his own fund that is going and trying to help the world, is that he is bought into that that is his own money. Someone operating in the government is operating in this hugely bloated structure of which there is no direct ownership. And you also don't know their long term game plan. They may choose to give a lot of that money away throughout their lives, but maybe they're actually holding on to some of that so that they can deploy it effectively into these y, massive projects.

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.

Love this episode? Give it a review at https://ratethispodcast.com/learn