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Comment Re: Poverty doesn't negatively affect wellbeing? (Score 1) 127

Why would you assume that? Observationally, it seems to me that "inequality' only matters when the total pie stops growing fast enough. Then people become obsessed with how the pie is divided rather than how they can help grow it (and, to be fair, the already rich then focus more on extracting rent from the non-rich than on wealth producing activities)

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"By the time they had diminished from 50 to 8, the other dwarves began to suspect "Hungry." -- a Larson cartoon

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