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Yes, you can't redistribute flows politically in any kind of a meaningful fashion. When you do that it's called a planned economy, and is generally inferior at
by vinceguidry 11y ago
Yes, you can't redistribute flows politically in any kind of a meaningful fashion. When you do that it's called a planned economy, and is generally inferior at raising living standards to market economies.
- evanpw 11y agoI'm sympathetic to your ideas, but you're really overstating your case here. Redistributing income is probably the primary activity of governments in rich countries today. Even in the US, transfer payments are about 14% of GDP: https://research.stlouisfed.org/fred2/graph/?g=2Qi3 https://research.stlouisfed.org/fred2/graph/?g=2Qi3