Go offline with the Player FM app!
Income Inequality Is a Bullshit Political Issue
Archived series ("Inactive feed" status)
When? This feed was archived on December 31, 2020 19:08 (). Last successful fetch was on October 10, 2020 19:09 ()
Why? Inactive feed status. Our servers were unable to retrieve a valid podcast feed for a sustained period.
What now? You might be able to find a more up-to-date version using the search function. This series will no longer be checked for updates. If you believe this to be in error, please check if the publisher's feed link below is valid and contact support to request the feed be restored or if you have any other concerns about this.
Manage episode 177095737 series 1343955
Throughout the past few years, and especially the last election, the term “income inequality” has been tossed around with great regularity. Bernie Sanders and Elizabeth Warren say it so much it’s like a form of Tourette’s Syndrome.
The basic idea is that some people earn less than others (some a lot less). There are all these millionaires and billionaires, and the fact that they hold a large portion of the world’s wealth, and that is supposed to mean that there is theft on a grand scale afoot. Now, we’re certainly not going to deny that there are corporations and individuals receiving tax dollars in the form of crony capitalism, but that says more about the political system than any sort of free market system.
Regardless, the income inequality issue is seen in the sense of a zero-sum game – some are poor because others are rich. What’s the problem with this way of thinking, and why is this issue actually not something on which to burn a lot of calories?
We talk about it in this episode
63 episodes
Archived series ("Inactive feed" status)
When? This feed was archived on December 31, 2020 19:08 (). Last successful fetch was on October 10, 2020 19:09 ()
Why? Inactive feed status. Our servers were unable to retrieve a valid podcast feed for a sustained period.
What now? You might be able to find a more up-to-date version using the search function. This series will no longer be checked for updates. If you believe this to be in error, please check if the publisher's feed link below is valid and contact support to request the feed be restored or if you have any other concerns about this.
Manage episode 177095737 series 1343955
Throughout the past few years, and especially the last election, the term “income inequality” has been tossed around with great regularity. Bernie Sanders and Elizabeth Warren say it so much it’s like a form of Tourette’s Syndrome.
The basic idea is that some people earn less than others (some a lot less). There are all these millionaires and billionaires, and the fact that they hold a large portion of the world’s wealth, and that is supposed to mean that there is theft on a grand scale afoot. Now, we’re certainly not going to deny that there are corporations and individuals receiving tax dollars in the form of crony capitalism, but that says more about the political system than any sort of free market system.
Regardless, the income inequality issue is seen in the sense of a zero-sum game – some are poor because others are rich. What’s the problem with this way of thinking, and why is this issue actually not something on which to burn a lot of calories?
We talk about it in this episode
63 episodes
All episodes
×Welcome to Player FM!
Player FM is scanning the web for high-quality podcasts for you to enjoy right now. It's the best podcast app and works on Android, iPhone, and the web. Signup to sync subscriptions across devices.