The Undeserving Rich

Collectively produced and inherited knowledge and the (re)distribution of income and wealth.

Buffett has put his finger on one of the most explosive issues developing just beneath the surface of public awareness. Over the last several decades, economic research has done a great deal of solid work pinpointing much more precisely than in the past what share of what we call “wealth” society creates versus what share any individual can be said to have earned and thus deserved. This research raises profound moral — and ultimately political — questions.