Friday, August 19, 2011
On income redistribution
From a comment on TaxProf Blog: "The untold story is that redistribution of income is, by and large, not  designed to help the poor but to preserve social stability on behalf of  the rich (or a portion of them).  It's like Guido Calabresi used to tell  his students on the first day of classes at Yale.   Are you in favor of  high taxes?  Yes.  Are you in favor of high spending?  Yes.   Do you  want to see your seats at Yale redistributed to people with lower test  scores?  Silence.   Aha, he would say, you just want to redistribute  other people's advantages, not your own."
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