|Lecture handout: Inequality*
The lecture tried to show the link between economic growth and rising living standards for the general public. This is something that Dracula noticed when he encountered a “normal” modern house:
I’ve been a nobleman for 400 years. I’ve lived in castles and palaces among the richest people of any age. Never….never! Have I stood in greater luxury than surrounds me now. This is a chamber of marvels. There isn’t a king, or queen or emperor that I have ever known or eaten who would step into this room and ever agree to leave it again. I knew the future would bring wonders. I did not know it would make them ordinary.
Here is an overview and discussion of a wealth tax:
Here is a KPMG report on how Switzerland treats Cryptocurrencies as part of its wealth tax.
You can see the trailer to Parasite here:
This page ties into Chapter 12 of Economics: A Complete Guide for Business
|Learning Objectives: Survey the latest empirical work on inequality and relate this to wider social issues.
Cutting edge theory: Assessment of a wealth tax
Focus on diversity: Thomas Sowell has written extensively on topics such as race and inequality. In this interview he discusses the myths or economic inequality.