Is this inequality better or worse

Reference no: EM131830988

Some people feel inequality is justified if the people with unequal outcomes accepted risks voluntarily; it was simply the case that some won and some lost. Imagine two people, each spending $10,000 on lottery tickets, but only one of them wins.

We end up with one poor person and one multimillionaire.

Is this inequality better or worse than if one person is born into a rich family and the other is born into a poor family?

What exactly is the difference and why?

Reference no: EM131830988

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