Tuesday, July 2, 2013

The Fallacy of Redistribution - 2


Those who talk glibly about redistribution often act as if people are just inert objects that can be placed here and there, like pieces on a chess board, to carry out some grand design. But if human beings have their own responses to government policies, then we cannot blithely assume that government policies will have the effect intended.


People in industry are not inert objects either. Moreover, unlike farmers, industrialists are not tied to the land in a particular country.


Russian aviation pioneer Igor Sikorsky could take his expertise to America and produce his planes and helicopters thousands of miles away from his native land. Financiers are even less tied down, especially today, when vast sums of money can be dispatched electronically to any part of the world.


Yet, to many people who cannot be bothered to stop and think, redistribution sounds good.

Article by Thomas Sowell in here.

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