I think that was the point I was trying to make, that both total economic output and distribution matter. Both matter in terms of overall citizen satisfaction.
If you have a very fair distribution of a very small productive output, everyone will be miserable because they don’t have enough to live. At the same time, producing a ton that only goes to a select few will also leave most people miserable.
We don’t want to go to either extreme. We want to find the best way to foster productivity while making sure everyone benefits from that productivity.
My suggestion is that you get the best of both by letting competition and innovation be rewarded, while also taking care of the ‘losers’ in that competition.
If you have a very fair distribution of a very small productive output, everyone will be miserable because they don’t have enough to live. At the same time, producing a ton that only goes to a select few will also leave most people miserable.
We don’t want to go to either extreme. We want to find the best way to foster productivity while making sure everyone benefits from that productivity.
My suggestion is that you get the best of both by letting competition and innovation be rewarded, while also taking care of the ‘losers’ in that competition.