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#53 Howard Marks: Luck, Risk and Avoiding Losers

The Knowledge Project with Shane Parrish

CHAPTER

Is There a Fair Share?

Government doesn't make anything, all they do is redistribute. These are policies tax how much from the rich,How much from the poor,. How much from interest in dividends, and how much from salaries and thes? I've seen fluctuations in these things over the years, but this is policy. And then there are people who say that we have too much inequality and hould be fixed. But how do you define a fair share? Right right now, people we might call the rich, or certainly the people at in the upper part of the income distribution, pay almost all the tax. This question of fair shares is problematic.

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