You might not like where that argument leads

Don Boudreaux misses a trick here I think.

If the sight of the wealthy spend, spend, spending is a negative externality for poor people, and as such requires state intervention in the way of an extra tax levied on the rich, shouldn’t we call for an extra tax on the poor, too? After all, the sight of them just scraping by, constantly watching every penny must be a negative externality for rich people, which itself must requiring immediate government action. There’s really no reason to stop the argument halfway.

(I’m indebted to Walter Block for this point.)

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s