Richard Epstein on Cruises, First-Class Travel, and Inequality
How should we feel about cruise lines that offer special amenities for top-paying travelers, or first-class sections of airplanes? Do such consumption inequalities harm the social fabric or is there more to the story? Richard Epstein of New York University and the Hoover Institution talks with EconTalk host Russ Roberts about these issues arguing that these kinds of unequal treatment provide benefits beyond those who receive the top-of-the-line option. The conversation then moves on to a general discussion of inequality, taxation, and redistribution.