Is wealth inequality a serious social problem? Bryan Caplan vs Jack Goldstone

[@jn3750]

Jack lost the argument. ECON average IQ = 132, Socio's avg IQ = 105. it is not even fair! How the hell Jack made 400K many years ago as an academic beats me. People in his field get paid 100K today! (AND IS 2X THAT OF BRYAN'S = 200K)

[@drwalka10]

Thanks for having this discussion. Caplan with the clean W. Income inequality crowd have vague borderline envious reasons of why we should care about this subject that I can’t get behind

[@synchronium24]

Yes, the ancap can find myriad ways to disguise the consequences of his ideology. Surprise surprise.

[@Spacenow869]

Wealth inequality is a problem while I am young college student. After few years with a law degree charging $300 per hour not so much.

[@The-Logic-Wizard]

What if you are a single mother, a school teacher, who can't afford a house?

[@Spacenow869]

@@The-Logic-Wizard undo single mother and undo teacher job.

[@The-Logic-Wizard]

@@Spacenow869 yeah because the world needs more lawyers than kindergarten teachers? And what if their partner passed away? I guess law school really isn't teaching the same kind of material anymore if you fail to consider these possibilities. Good luck on the bar 😁

[@Spacenow869]

@@The-Logic-Wizard Sadly you seem to be clueless about what is going on in society these days. Did you catch yourself crying for no reason here and there. Feminime men scourge of America

[@jaceking5938]

​@johntthurmon as someone who went to law school, it definitely has a well defined logic, Within its own system. But the POV of law school leaves little room for questioning the status quo. So its not surprising that someone who wasnt jaded by some of the horrendous things we learn there would shun humanist principles.

[@psikeyhackr6914]

Why hasn't accounting been mandatory in the schools like Adam Smith implied? Smith's Wealth of Nations has been free on the Internet since 2001. Search it for "read, write and account" and you will find multiple instances not "read, write and arithmetic." He used the word 'education' Eighty Times. Apparently educators have failed to notice this. Why haven't Socialists been suggesting mandatory accounting?

[@jaceking5938]

Cause adam smith was a hack

[@psikeyhackr6914]

@@jaceking5938 LOL, you appear to be a minority opinion.

[@jaceking5938]

@@psikeyhackr6914 truth and majority are two different things

[@psikeyhackr6914]

@@jaceking5938 I can agree with that but the minority can be wrong also. Smith has been discussed for more than 200 years but economists do not point out that he used the word 'education' Eighty Times.

[@tjfitzy]

I like Mr Kaplan 's opening. I hope he's correct in that even the poorest don't really need to revolt. Objective conditions are not that bad. Yes, I am poor in comparison with the 1% but I'm far from actual poverty.

[@Dan16673]

yup.

[@nixpix814]

You need to get on bigger channels Brian, this is great stuff that more people NEED to hear.

[@rmack9226]

The professor complaining that 100% of his income is taxed, whereas if he were a Consultant or RE Developer he'd be able to pay tax on only 80% of his income, is completely neglecting the fact that his salary is guaranteed until he retires (assuming he has tenure), and that he'll have a defined benefits package FOR LIFE upon his retirement. The Consultant or the RE developer can lose - literally - EVERYTHING in one bad deal. The Consultant or the RE developer might have to endure several years of earning ZERO DOLLARS before snagging a big contract or commencing construction on a property. And they get ZERO retirement package. They have to save up for their retirement. Given inflation, at 65 I'd want at least 5 or 10 million to feel remotely comfortable. That said, I'm poor and I'll have neither the gold-plated retirement package, nor the $5-$10 milly in the bank. Of the two, I side with the people who make it in private business. Professors and other government workers make it all sound so easy, knowing they have guaranteed six-figure salaries and guaranteed high-five-figure retirement packages. Very easy for them to shit on people trying to make it.

[@lolroflmaoization]

you should set up a debate between Bryan Caplan and Matt Bruening on socialism or something

[@eddyk564]

To me, it depends what is meant by wealth inequality. If a small percentage of people have a huge amount of wealth, but most people have a decent, middling standard of living, I don't see how it's an issue. It's more a problems when you've got a large group of people that are extremely rich, while the rest are very poor. Luckily, the second example is not the case in any modern first-world nation that I'm aware of.

[@Dan16673]

for me its how they obtained. through voluntary matters or through government

[@pbrown0829]

So everyone is racist when it comes to the wnba but none of these issues with the NBA?

[@dustinseth1]

“Generate their wealth in a certain way” 😂 Bro you’re a professor. You live off of state subsidy and regulatory gatekeeping like accreditation. You don’t produce value for the consumer.

[@Psycho-Nomics]

It's crackpot to say that addicts choose not to quit. External incentives are very often needed to help them. There are genetic and epigenetic factors in addiction.

[@jaceking5938]

What exactly are we supposed to do against a $600B / year military?

[@chingunanderson8229]

I appreciate the interesting debate. I disagree with Bryan's opening about the rich displaying their wealth. Maybe not his friends are doing it but successful influencers display their wealth all the time on tiktok/instagram. This is leading to envy/resentment among some Gen Z.

[@BinanceUSD]

Special Certificate licensing from God aka Government = special pay. See no evil hear no Evil 🙈 we don't play by the same rules

[@The-Logic-Wizard]

My comment on people over 40 controlling 88% of all wealth was deleted. Jonah that is your generation being destroyed by people in their 70s with 3 homes and a boat. You can delete those comments all day long but people ARE waking up to the reality of the situation.

[@synchronium24]

Unlikely Jonah is deleting your responses. KZbin's algortithm autodeletes a lot of comments because of a poor filter that is simultaneously oversensitive to nothingburgers and unable to catch porn bots.

[@dustinseth1]

People owning homes and boats destroys nothing

[@jaceking5938]

​@@dustinseth1why are homes unaffordable?

[@dustinseth1]

@@jaceking5938 Because of regulation that restricts supply.

[@bennymachado2201]

​@@jaceking5938 Homes are not unaffordable, they are more expensive, and it seems that a lot of it has to do with strong regulations on construction and allocation related activities in urban centers. More homes owned by less people also means cheaper rent at the very least. Isn't it normal that older people in society have more power overall? Has it never been the case that middle aged and old men had most of the power? Would it be good for teenagers to have a bunch of power in society? Old people have families that they support if they are very rich, most likely

[@jaceking5938]

The guy on the lefts condescension and dismissveness is obnoxious

[@jaceking5938]

Its like he actively has avoided talking to or listening to any leftist ever