Reply to the upside to income inequality

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[quote=Anonymous][quote=Anonymous]He doesn't say that every limitation on incentives is bad.  That's not a fair "reading".[/quote]
I think he pretty much does. He talks about ANY redistributive system as bad because it interferes with the promise of a "high" (read: infinite) income.

It's all just a bunch of BS unsupported by any data. I don't see what makes him so interesting. He could just as well be any of the Rep candidates, or for that matter some loudmouth on a bar stool. Actually, most people don't get drunk enough to say that the rich having disproportionate political power is a good thing because a one-man-one-vote democracy is "the last thing you want." He's also distinctive that his delivery is really grating; I wondered if he has Asperger's.

What's-his-name repeatedly nailed him, like when he asked about disincentives to children from inheritance. That's OK, Epstein says, b/c people are thoughtful when they leave money to their kids, as opposed to the government, which acts randomly. You know - b/c it's so common for the rich to write off undedeserving kids.

He also contradicts himself there, b/c he attributes the 50s-60s growth to smart, non-distributive government programs like the highway system. Add that up: you shouldn't tax the rich any more - even, say, to Reagan era levels - but good government spending creates growth, so it's don't-tax-and-do-spend. There's a fresh idea.[/quote]

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