Assume that the wealth is unevenly distributed in the developing country of Malaria. Only the top 20% of the households can afford a new techno gizmo that presents a positive network externality. If the wealthy adopt the technology and innovate to achieve economies of scale so the poor can afford it, how is income disparity bad?
The wealthy can afford costly R & D while beta versions are debugged. I believe that most social changing innovation occurs this way. So is redistributing the income a good idea?
No, because no one can spend my money better than me. I like to tell my socially minded friends that they can just give their extra income to me, I will take care of it and make sure it gets distributed fairly! :)
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ReplyDeleteThis only applies to you Chrissyrudd because you have money I can't help but think if you worked a low wage job with out benefits you may see things in a different light.
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