Thoughts on Forced Redistribution of Wealth
This article was co-written by Matthew Sabey, an economics major, and Brian Sabey.
An important part of our political dialogue is about distributive justice—that is, the justice or injustice of redistributing wealth and other resources in various ways. I’m not just talking about tax brackets and welfare programs; I’m also talking about more subtle means of wealth redistribution such as requiring hospitals to treat people who can’t pay (under EMTALA), thereby shifting the cost to those who can—or requiring everyone to buy insurance and subsidizing those who can’t afford it, with a similar effect. To what degree should the law imitate the great outlaw Robin Hood, taking from the rich and giving to the poor? Continue reading