Third Base
individual action and system change. It reminds me the liberalism/constructivism in international relations theory I studied about, where the structure is constructed by social practice and it is more about social rather than material. The theory also has an implication that a de-construction of the current system and a re-construction will make the whole world a better place. The author mentioned "Ultimately, we need to change the story of wealth, how it is created, where it comes from, and why it is distributed the way it is.", which really corresponds to this IR theory. Even though I totally get individual wealth is accumulated not only by personal efforts and luck but also by commonly shared resources and infrastructures, the assertion in sharing wealth through mutual understanding and empathy still frightened me.
I really appreciate the idea, but my question is if the whole solution is raised under the setting that wealthies/1% did not earn all of their money themselves and they are not able to produce more value from the money sitting in the bank account, but what if they have the capability of making things work? I just have this concern that the wealthy people sometimes can make the society better off by adding job opportunities and inventing innovative technologies. It draws a beautiful image in the future, I would rather take it with a pinch of salt so far, but really look forward to seeing how the story goes.
Just found this online quite interesting: SETTING PRIORITIES Martin Rothenberg, with his granddaughter Rachel Batizfalvi, set up charitable foundations for his children to run instead of giving them lots of money to spend on themselves. This is something fairer than an estate tax for me.
Second Part:
Okay, I guess where I did not get is that the writer was thinking about how to re-shape the wealth structure. I thought resources may be better used by 1% under the assumption that they are better educated and better at allocating them to max the efficiency, but I missed the part on how about the rest 99% or even the bottom 1%? There can hardly be a change until the top 1% is willing to share the wealth and give the rest of the world. Now, the questions is to convince people that privilege is making other worsen while not making you better off. Privilege disconnects people from each other, but funny thing, what if some secretly enjoys the disconnection?
Collective individual initiative worth the celebration. In the era when few wanted to take the responsibility, individual who combats racism, combats rich-poor gap, combats educational inefficiency worth to be celebrated. But all of them needs to be done in a right way, a corresponding tax reform, management reform, and regulations all come into the stage. Not as simple as I thought: riches might better use the resources and create more value. Changing people's think and belief makes an influence in a boarder range and definitely requires many actions.
I really like the book as it not only talked about something needs to be change, but also talked about how it was formed and why people are hesitant to make the change. The quote under the header of every chapter is very inspiring, as it concludes the whole chapter and sets a tone for what he is going to talk about. The last two chapters of the book is very engaging; I feel like I'm listening to a ted talk or a leadership class, and the secienarios and actions are so close to real life that I feel I'm part of it and should take the action right now.
I really appreciate the idea, but my question is if the whole solution is raised under the setting that wealthies/1% did not earn all of their money themselves and they are not able to produce more value from the money sitting in the bank account, but what if they have the capability of making things work? I just have this concern that the wealthy people sometimes can make the society better off by adding job opportunities and inventing innovative technologies. It draws a beautiful image in the future, I would rather take it with a pinch of salt so far, but really look forward to seeing how the story goes.
Just found this online quite interesting: SETTING PRIORITIES Martin Rothenberg, with his granddaughter Rachel Batizfalvi, set up charitable foundations for his children to run instead of giving them lots of money to spend on themselves. This is something fairer than an estate tax for me.
Second Part:
Okay, I guess where I did not get is that the writer was thinking about how to re-shape the wealth structure. I thought resources may be better used by 1% under the assumption that they are better educated and better at allocating them to max the efficiency, but I missed the part on how about the rest 99% or even the bottom 1%? There can hardly be a change until the top 1% is willing to share the wealth and give the rest of the world. Now, the questions is to convince people that privilege is making other worsen while not making you better off. Privilege disconnects people from each other, but funny thing, what if some secretly enjoys the disconnection?
Collective individual initiative worth the celebration. In the era when few wanted to take the responsibility, individual who combats racism, combats rich-poor gap, combats educational inefficiency worth to be celebrated. But all of them needs to be done in a right way, a corresponding tax reform, management reform, and regulations all come into the stage. Not as simple as I thought: riches might better use the resources and create more value. Changing people's think and belief makes an influence in a boarder range and definitely requires many actions.
I really like the book as it not only talked about something needs to be change, but also talked about how it was formed and why people are hesitant to make the change. The quote under the header of every chapter is very inspiring, as it concludes the whole chapter and sets a tone for what he is going to talk about. The last two chapters of the book is very engaging; I feel like I'm listening to a ted talk or a leadership class, and the secienarios and actions are so close to real life that I feel I'm part of it and should take the action right now.
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