Words & Numbers

People tend to talk about income inequality as if it were necessarily a bad thing. In so doing, they often confuse inequality and poverty and, in the process, run the risk of justifying what is really envy. This week, James and Ant discuss the fact that poverty is a bad thing, whether inequality could be a bad thing, and that politicians use voters’ envy to expand the government’s power. Show your support for Words & Numbers at Patreon https://www.patreon.com/wordsandnumbers Quick hits HELPER https://www.marketwatch.com/story/rand-paul-to-offer-bill-allowing-families-to-use-retirement-savings-for-student-loans-2019-12-04 How much Americans have in 401k plans, by age https://www.cnbc.com/2019/05/23/how-much-money-americans-have-in-their-401ks-at-every-age.html 401k returns https://money.usnews.com/money/retirement/401ks/articles/what-is-the-average-401-k-return Student loan interest rates https://www.nerdwallet.com/blog/loans/student-loans/student-loan-interest-rates/ Bernie’s now a millionaire https