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Around the world, the effects of alarmingly high economic inequality are spilling over into politics and society.The World Bank has shown that 766 million people – around 10 percent of the global population – were still living below the extreme-poverty threshold of $1.90 per day as of 2013 .Hughes ended up rooming with Zuckerberg, which was sheer luck.Hughes' solution to the problem of inequality is to tax the rich in order to provide a guaranteed minimum income to the lower and middle classes. To understand the logic and morality of inequality, it is worth digging further into what Hughes says about luck. It is not just that one part of his wealth is due to luck; rather, all of it is. Luck determined that Hughes would be smart enough to get into Harvard and then meet Zuckerberg once there. Thus, the primacy of luck as a determinant of wealth means that there is no moral justification for economic inequality.Today's unacceptably high inequality demands interventions to improve education and health, as well as redistributive taxation of the kind that Hughes recommends; but it also requires us to tolerate some income disparities to keep people and economies working.
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