Sandy Maguire

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If voters have different endowments, then many may objectively benefit from socially harmful policies. Inequality of wealth is the simplest reason: Even if redistribution is an awfully leaky bucket, it might still enrich the majority.19 But inequality is only the beginning. The owner of a textile mill may be just as rich as the owner of a clothing store, but tariffs affect their interests oppositely.
The Myth of the Rational Voter: Why Democracies Choose Bad Policies
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