Jonathan Webb, Chapter 6, Question 5

     I don't think human capitalism and income inequality is controversial, they're just very debatable topics. The fact that he started out using the Bill Gates example was very helpful to understand the rest of the chapter. For human capitalism and income inequality I don't think the wealthy acknowledge it as much as the poor obviously because the wealthy are already there, while the poor are wondering why they ended up having to be the ones with so little and wealthy just get to do what they want to do. I agree with that income inequality is good. It gives the poor motivation to be better or to make their situation better. How he used the small town example where one person filled with human capital comes in and makes a huge difference to the town. I think that can easily relate to the sports world today. Most of these professional athletes grew up in poverish communities, and were able to make it to the pros. I think the biggest factor in creating more people like that is going back. Having a successful professional athlete go back to his home town and motivate the kids to work hard and get through school gives them that motivation to become famous and to get lots of money. I think another good example of this is what Warren Buffet is doing with his kids. He gave none of his money to him. He's making them earn it on their own. By doing so, I think it makes his become more educated and learn what it takes to get where their dad is. Make them strive to do better than he did. Rather than just not learning a thing about the world and sitting at their big house that they didn't earn. To have a successful economy, you have to have lots of production, and to have lots of production, I think you need income inequality.