Income Redistribution
Scott Adams asked this hypothetical question in his blog: “ Suppose you could snap your fingers and instantly reduce the huge disparity in income distribution across the globe. Would you do it? Many of you will probably say yes. You'd take some of the "extra" money from the rich and use it to help the needy. But suppose I put one condition on this magic power of yours. Suppose the only thing you can do by magic is reduce by half the wealth of the top 1% while knowing the money would be transferred to no one. The money would simply cease to exist. The rich would have half as much, while everyone else remained the same. Would you use your powers then?” If you said Yes, I am guessing you must either be a communist or a socialist. After all, isn’t that what communism did? Oh wait, communism did even more: it didn’t just halve the wealth of the Top 1%: it reduced everyone to the same grinding level of poverty and, I am guessing, misery. Which just goes to show that just h...