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My position continues to be that - because of the marginal value of a "dollar" - redistribution is justifiable. Even Hayek considered being open-minded about ha
by ArkyBeagle 10y ago
My position continues to be that - because of the marginal value of a "dollar" - redistribution is justifiable. Even Hayek considered being open-minded about having certain goods be considered sufficiently public goods as to be treated as public goods.
If we consider monetary velocity as a public good, then doing things to support it is... supportable.
The problem may be how we go about this.
It is just that it may not actually be possible, unless someone can show a method whereby it can be done without corrupting the agents who execute it and corrupting those who receive it.
Not having governments interfere with their finances is perfectly respectable position. It's positively rude to ask how much someone makes. SFAIK, the various versions of the income tax were designed to be fairly rude. They were, of course, initially targeted only at those with very high incomes, then we got frog-boiled into everyone having to be subject to them.
Tax rents. Not income. Then, perhaps there will be less pain.