Who could be against allowing people their ‘just deserts?’ But there is that matter of what is ‘just.’ Most serious ethical thinkers distinguish between deservingness and happenstance. Deservingness has to be rigorously earned. You do not ‘deserve’ that part of your income that comes from your parents’ wealth or connections or, for that matter, their DNA. You may be born just plain gorgeous or smart or tall, and those characteristics add to the market value of your marginal product, but not to your deserts. It may be impractical to separate effort from happenstance numerically, but that is no reason to confound them, especially when you are thinking about taxation and redistribution. That is why we want to temper the wind to the shorn lamb, and let it blow on the sable coat.
Topics:
Lars Pålsson Syll considers the following as important: Economics
This could be interesting, too:
Lars Pålsson Syll writes Daniel Waldenströms rappakalja om ojämlikheten
Peter Radford writes AJR, Nobel, and prompt engineering
Lars Pålsson Syll writes MMT explained
Lars Pålsson Syll writes Statens finanser funkar inte som du tror
Who could be against allowing people their ‘just deserts?’ But there is that matter of what is ‘just.’ Most serious ethical thinkers distinguish between deservingness and happenstance. Deservingness has to be rigorously earned. You do not ‘deserve’ that part of your income that comes from your parents’ wealth or connections or, for that matter, their DNA. You may be born just plain gorgeous or smart or tall, and those characteristics add to the market value of your marginal product, but not to your deserts. It may be impractical to separate effort from happenstance numerically, but that is no reason to confound them, especially when you are thinking about taxation and redistribution. That is why we want to temper the wind to the shorn lamb, and let it blow on the sable coat.
Robert Solow Journal of Economic Perspectives (2014)