The Redistribution of Wealth

The central idea of this monologue is to explain why wealth is best redistributed by the market rather than by the government. The redistribution of wealth by the government leads to greater economic inequality between individuals because the state raises taxes for the rich and gives monetary benefits to the poor. These monetary benefits through social assistance programs, stimulate the poor to remain in a state of perpetual poverty. Wealth is better redistributed by the market because the market is a spontaneous order that is driven by human action. Individuals can perceive the necessary signals that contribute to human needs because they acquire information which incentivizes human progress only through voluntary exchange. The government lacks this information.

Видео The Redistribution of Wealth канала Germinal G. Van