Matthew Dimick discusses income inequality, wealth redistribution, income tax, economics, Pareto optimality, and Marxism

Episode 28 features Matthew Dimick, Professor of Law in the University at Buffalo’s School of Law. Dimick explains Pareto optimality and the differences between income taxation and legal rules for wealth redistribution. He discusses capitalism, Marxism, and how economists measure the effects various methods of redistribution may have on the economy.

 

 

 

Keywords: wealth redistribution, inequality, income tax, taxation, disparity, Marxism, capitalism, economics, taxation, minimum wage