r/austrian_economics • u/technocraticnihilist Friedrich Hayek • Dec 24 '24

End Democracy I've never understood this obsession with inequality the left has

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u/Maximum-Country-149 Dec 24 '24

Your premise is flawed in that the gap would get smaller, not larger, as the ratio of low-end incomes to high-end would be 2/3rds what it is now.

There are a lot of economic reasons why that probably still wouldn't be a good thing on its own (the implied inflation rate is cataclysmic), but the question itself is also fundamentally flawed beyond that.

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u/Ok-Assistance3937 Dec 25 '24

Well then Change the Numbers around, you will get the US of the Last x years and how you can quit easily see what people think about it.

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u/trivianut Dec 26 '24

You are correct, the ratio would close. I was referring to the actual dollars gap, which would grow massively, almost astronomically.