For any given level of income inequality in any particular place, wealth inequalities are usually much greater. But, so what, asks Noah Smith in the Atlantic. Consumption is surely what matters in terms of real human experience and you can’t consume what you’ve got in the bank or stuck in some other investment: “…let the […]
When people complain about the rich getting richer, they’re usually thinking about the interests of those who aren’t rich. But why would the rich want to get richer? Surely, after a certain level of wealth, there’s not much point – there are only so many caviar sandwiches one can eat in a lifetime. An intriguing thought-experiment on the Interfluidity […]