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Podcast: PRay TeLL, Dr. Hash
Episode: 230 Spread the Wealth
Description: The goal of wealth redistribution has nothing to do with fairness or inequality, those are socialist concepts; it's simply that wealth concentration limits liberty if the goal is the-most-liberty-to-the-most-people. Capitalism is a good mechanism for spreading wealth but it also concentrates wealth in a tiny handful of people. Other than catastrophe, the only way to redistribute concentrated wealth is through taxation, but taxes too can be exploited. In fact, regressive taxation, like Sales Tax, Property Tax, Social Security & any other tax that subsidizes The Rich by taking from everybody else, actually concentrate wealth more. Only progressive Income Taxes & Inheritance...