Ultimately, while we must certainly care about infrastructure and the economy, it is real lives and real people that form the centre of our preparations towards more frequent tail events.
All in Wealth Inequality
Ultimately, while we must certainly care about infrastructure and the economy, it is real lives and real people that form the centre of our preparations towards more frequent tail events.
But what I think we need to spend more time on is this redistribution of power and privilege across society. And to do this, we need to accept that those with power and privilege need to give substantive amounts up.
Are we prepared to handle the inevitable social fallout from greater automation, as well as the difficult decisions arising from creative destruction?
Approaches to tackling inequality need to take into account the larger picture of national development. We cannot miss the forest for the trees.
There is no magic silver bullet that will solve inequality of income or opportunity. Instead, we should be prepared to invest in a holistic way to address inequality in society.
Historically, inequality never dies peacefully. Can we reverse the trend of history or are we doomed to repeat it?
Education is meant to provide a basis for meritocracy regardless of background. But here’s the problem. Meritocracy, in its current state, worsens inequality over time.
Thanksgiving is essentially camaraderie, goodwill, gratitude and a sumptuous dinner, all packed in one. The very next day, all of this just basically gets blown to smithereens.
I would go all-in on the bet that taxes, whether defined in quantum or in type, are just going to increase as we move into the future.
Highly paid foreign workers (interchangeable with expatriates) do not consume the same things that the median Malaysian consumes.
Inequality is typically a symptom of something else at work. Rather than lambast inequality for inequality’s sake, we should take great care in finding out how that inequality came to be.
This note does not seek to critique our Ministers’ views of the homeless but rather to evaluate the economic rationale on homelessness and the ban on soup kitchens.