How sad, the inheritance babies need to take more and more cash out of infrastructure transportation circulation (drivers living on tips) in order to have a medical school: http://www.casinocityt...
https://baselinescenario.com/2015/06/15/i-agree-with-milton-friedman/#comment-327489
Inheritance was designed to be contoled by the institutions once they lost the ability to stay on the gold standard, the hard line approach and competition for insanity ruled the day, and it stil...
https://baselinescenario.com/2015/06/15/i-agree-with-milton-friedman/#comment-327488
No. Inherited money is 100% due to your parents. Money earned thanks to good genes, good education, and work is due to your parents to an extent of 0<=x<=1. x=1 is a special case, and no one can ...
https://baselinescenario.com/2015/06/15/i-agree-with-milton-friedman/#comment-327487
It is not money as a thing but the ancillary byproducts - education, connections, influence, etc. With money I can buy the expertise of someone when I have no inherent expertise or abilities of m...
https://baselinescenario.com/2015/06/15/i-agree-with-milton-friedman/#comment-327486
Your comment is awaiting moderation. I want a divorce, “Ron the Jew”. Sure, I had the “right” to make my life less miserable through honest work, I just wasn’t allowed to own anything t...
https://baselinescenario.com/2015/06/15/i-agree-with-milton-friedman/#comment-327485
Have y'all actually read real history? myth of meritocracy? while there is a difference between working hard and working smart, I have lifted myself out of the low end and can now pay for many ot...
https://baselinescenario.com/2015/06/15/i-agree-with-milton-friedman/#comment-327483
I see such distinctions as getting lost in the weeds and thus meaningless. The problems of our economy do not stem from the differentials of merit between different kinds of wealth acquisition. T...
https://baselinescenario.com/2015/06/15/i-agree-with-milton-friedman/#comment-327481
Reblogged this on xdayschocolate.
https://baselinescenario.com/2015/06/15/i-agree-with-milton-friedman/#comment-327480
If you unpick the chain of causality, very little difference in income ends up being attributable to a difference of preferences between leisure and work. Differences in disposition between, say,...
https://baselinescenario.com/2015/06/15/i-agree-with-milton-friedman/#comment-327479
But outcomes are path dependent. If my hard work is valuable because a drug lord values my services, then one could argue that my income is not morally justified. Similarly, if capital is distrib...
https://baselinescenario.com/2015/06/15/i-agree-with-milton-friedman/#comment-327478