And still produce the equivalent of today's social output
Of course equivalent would have to be carefully defined and since production and distribution can't really be separated without significant alterations to both ...
But too often the market value of an "earned " income is tacitly assumed
to be justified
By some higher wisdom vested in the radically free play of markets
These theoretical pure merit outcomes have long since vaporized
Under the scrutiny of micronomical analysts
Failure to optimize and justify outcomes is everywhere
That being Amazing enough in itself
Imagine vesting this authority in our real market outcomes
Just comparing relative hourly compensations for various activities across borders and bodies of water shows the range in the edgeworth hyper box
The open arc of the n contract curves to be ... if not huge then certainly
Well beyond ignorable
And hardly the bed rock for some socially contrived
tax and transfer based system of redistribution
