"Who is afraid of redistribution?" "Political discourse in India normally takes place within cer tain boundaries set by the privileged and powerful. If you over-step these boundaries, expect some trouble." - Jean Drèze in @epw_in. https://t.co/kJxDDBJ4Pw
most of these developments fall on the left side of the political spectrum. That is because they gradually redistribute wealth from the rich to everybody else.
My tablemates and I were discussing Elizabeth Warren’s wealth tax proposal, and the economist, who had ventured over to say hello, said it would never work. The rich would find a way to squirm out of it. I told him he was being defeatist and boring. Things escalated from there.