- It does value a dollar earned the same as a dollar received in transfers, and we know that is just not true.
- It cannot consider all the unregistered wealth or income that is siphoned away by corruption.
- It does not make it clear when an increased equality is primarily the result of many turning poorer.
Saturday, April 12, 2014
Considering those 3 factors alone would shed the supposed reduction in inequality produced by the Chavez Revolution in Venezuela in a completely different light.
If we are to foster equality, let’s do it right, and concentrate foremost on the equality of opportunities, whatever that might entail.