> Do you think the world would be better off if this effect were eliminated
I don't know. I do think the world would be better off if we eliminated homelessness, hunger, student loan debt, medical debt, and political campaign financing. These are some of the worst consequences of economic inequality in society.
> Or are you simply pointing out that life is not fair?
Well, I personally don't think that so-called "meritocracy" is fair or ideal. I was born with some advantages over the majority of people, and my academic talents started to show at a relatively young age (with no "hard work" — it was easy work!), but I don't think I "deserved" to be born that way, nor do I think that I "deserve" more money than other people as a result of my advantages.
I understand capitalistic supply and demand, and that may be a decent economic system. It's not an inherently ethical system, however.
I don't know. I do think the world would be better off if we eliminated homelessness, hunger, student loan debt, medical debt, and political campaign financing. These are some of the worst consequences of economic inequality in society.
> Or are you simply pointing out that life is not fair?
Well, I personally don't think that so-called "meritocracy" is fair or ideal. I was born with some advantages over the majority of people, and my academic talents started to show at a relatively young age (with no "hard work" — it was easy work!), but I don't think I "deserved" to be born that way, nor do I think that I "deserve" more money than other people as a result of my advantages.
I understand capitalistic supply and demand, and that may be a decent economic system. It's not an inherently ethical system, however.