Showing posts with label wealth redistribution. Show all posts
Showing posts with label wealth redistribution. Show all posts

Wednesday, August 5, 2015

If Income Distribution Were Fair, Income Redistribution Wouldn't Be Necessary

Economic conservatives decry the redistribution of wealth through tax and spending programs such as Social Security, Medicare, and the Affordable Care Act, and they have a point. Is it fair to rob Peter to pay Paul? They also believe that hard work should be rewarded, and in this I could not agree more. Hard work should be fairly rewarded. The problem is that they fail to apply these ideals in a consistent and principled manner to our present form of capitalism.