Spreading the Wealth Around

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"Spreading the Wealth Around"

If I were a multimillionaire who owned eight houses and thirteen cars, with over $200,000 in annual servant expenditures I, too, would be strongly opposed to spreading the wealth around. But I’m not! So it seems to me that spreading the wealth around might not be such a bad idea. At a minimum, watching a guy stand around in $520 shoes lecturing me about the evils of spreading the wealth around isn’t all that persuasive.

Here’s some of the old social science research from Piketty and Saez:

spread_1.jpg

I kind of feel like spreading some of that wealth around. The 1960s were a period of a lot of social upheaval, but I’ve never heard it claimed that people were running around saying “our major corporations aren’t well-managed enough — we need to start paying CEOs 25 times more than what they’re currently making to attract some top-notch talent!”

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