Re: Lucas: Shame on the redistributionists

From: Les Cargill (lcargill_at_worldnet.att.net)
Date: 06/10/04 

Date: Thu, 10 Jun 2004 02:41:52 GMT

The Trucker wrote:

<snip>
>
> Rich people should be tolerated only if they become rich or stay
> rich by virtue of their contribution to society. Their "benefit"
> to society is what they did to _become_ rich. It is not what they
> do after the fact. Their wealth is inconsequential but for the
> distortions such wealth may bring to an otherwise the _free_ market.
>

But the principle of revealed preferences says this is what
they do.

<snip> 

--
Les Cargill

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