Thursday, October 23, 2008

Most Democrats think spreading the wealth is a good idea (66 percent)

and most Republicans think it is a bad idea (72 percent).

Personally, I think spreading the wealth is a great idea, but done without compromising freedom or privacy. Which is why I have no political party; both major parties have left me independent.

The main reasons why government is a poor intermediary between the wealthy and the poor is that
1) it disintermediates any direct connection between individuals (which increases deadweight loss and decreases accountability), and
2) it maximizes rent-seeking and free-riding

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