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The Market as Redistributor of Wealth

Cold Highway

Dispenser of Negativity
DP Veteran
Joined
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Location
Newburgh, New York and World 8: Dark Land
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Political Leaning
Libertarian
In other words, you don't need the state to confiscate and redistribute wealth through income taxes, estate taxes, or any other taxes. The market does a fine job in redistributing wealth.

In fact, the market is the most just vehicle for redistributing wealth because it's based on voluntary choices, not the coercive action employed by the state. In the marketplace, consumers are ultimately sovereign. Through their buying decisions, they decide which businesses are going to stay in business and which ones are not. If a business fails to satisfy consumers, it will lose market share and possibly go out of business. New, upstart businesses have the opportunity to become wealthy by providing goods and services that consumers want.
Government handouts are not the way to lift people out of poverty, no matter what Goldberg Machine can be constructed. Theft is theft. Government handouts kill work ethics.

Campaign For Liberty — The Market as Redistributor of Wealth   | by Jacob Hornberger
 
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