>Should the rich help the poor?
>In todays culture we assume yes. But consider this example:
“Consider Joe Smith and his identical twin brother, Jim, who have identical abilities and education. Joe decides to take a job as a high school teacher of economics. He teaches six hours a day and the rest of the time he spends fishing, swimming and sailing. He is very happy. Not surprisingly [Stiglitz never experienced high school teaching], his pay is very low. Jim becomes an economic consultant. He works seventy hours a week and has no time for fishing, swimming, or sailing. […] One has a high income, one a low income. Is it fair that Jim should pay far higher taxes than Joe?”
Joseph Stiglitz illustrating problems of taxation in Economics of the Public Sector, Pg 472.