Re: FirstRateCrowd's EIRA

Posted: Fri Apr 19, 2019 5:53 pm, #24
by Doctor A
Will the EIRA work as predicted to stop inequality? With regards to health outcomes, research indicates economic inequality is a causative factor and not correlational in nature. In other words, if we can decrease economic inequality within a country then we can substantially reduce its harmful effects upon that country's health.

Paramount to the above question, and to any research, is the concept of correlation vs causation. Here is a short video explaining the view needed to show causation ad not just correlation,

The research team of Pickett and Wilkinson present an excellent research article indicating the connection between economic inequality and health is causative. ... ckett.html

From: AHRQ--Agency for Healthcare Research and Quality: Advancing Excellence in Health Care
Population Health: Behavioral and Social Science Insights
Income Inequality and Health: A Causal Review
By Kate E. Pickett and Richard G. Wilkinson
Note: This paper was published previously by Social Science & Medicine (2014 Dec 30; epub)

Here is the abstract of their work,

There is a very large literature examining income inequality in relation to health. Early reviews came to different interpretations of the evidence, though a large majority of studies reported that health tended to be worse in more unequal societies. More recent studies, not included in those reviews, provide substantial new evidence. Our purpose in this chapter is to assess whether or not wider income differences play a causal role leading to worse health. We conducted a literature review within an epidemiological causal framework and inferred the likelihood of a causal relationship between income inequality and health (including violence) by considering the evidence as a whole. The body of evidence strongly suggests that income inequality affects population health and well-being. The major causal criteria of temporality, biological plausibility, consistency, and lack of alternative explanations are well supported. Of the small minority of studies that found no association, most can be explained by income inequality being measured at an inappropriate scale, the inclusion of mediating variables as controls, use of subjective rather than objective measures of health, or followup periods that were too short. The evidence that large income differences have damaging health and social consequences is strong, and in most countries, inequality is increasing. Narrowing the gap will improve the health and well-being of populations.
I think non-health outcomes due to economic inequality, such as climate change, women's rights, the effects of money in politics, etc, need to be looked at independently for now regarding causation. However, regarding the EIRA's ability to transfer wealth from the 1% back to the 99%, should it function as described in this website, the reduced economic inequality should evoke a causative response by significantly reducing negative health outcomes.