Tushar Vashnavi

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The impeccably conservative economist Milton Friedman made the same logical argument about redistribution of wealth in his classic Capitalism and Freedom: I am distressed by the sight of poverty; I am benefited by its alleviation; but I am benefited equally whether I or someone else pays for its alleviation; the benefits of other people’s charity therefore partly accrue to me. To put it differently, we might all of us be willing to contribute to the relief of poverty, provided everyone else did. We might not be willing to contribute the same amount without such assurance. In small communities, ...more
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