Isenberg asks, "So is inequality, when it is directly created by entrepreneurs, good or bad?"
The obvious answer is that some inequality is necessary as a incentive under capitalism but excessive inequality poisons the well. The knotty question is, how much? Once that is answered, how is the balance to be maintained?
What's required is a squeeze on wealth deemed to be excessive. Tax assets in addition to income to reduce wealth disparity and to provide a very generous tax credit for charitable contributions that are either endowments funding future spending, or are spent on immediately?
Harvard Business Review — HBR Blog Network
Entrepreneurship Always Leads to Inequality
Daniel Isenberg | Professor of Entrepreneurship Practice, Babson Executive Education
2 comments:
A more simple model in favor of the 1%
Maximum possible equality on the base - chaotic inequality in total and the extinction of middle class
http://failedevolution.blogspot.gr/2014/02/a-more-simple-model-in-favor-of-1.html
Remove the 1% from influencing politics and you'll get more balance. This is not rocket science.
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