Inequality and the Pandemic, Part 3: Risk and reward/luck

From Critiques Of Libertarianism
Jump to: navigation, search
[...] the inequality of incomes in our society is largely a matter of luck rather than inherent personal ability, and that it is only distantly related to the social value of the contributions people make through their work. These conclusions undercut the idea that taxing those on high incomes will harm society by reducing incentives to work for the most able and social valuable workers.
John Quiggin, "Inequality and the Pandemic, Part 3: Risk and reward"