178 karma · joined June 24, 2013
Point is, this exact argument could be (and has been) used to justify some pretty bad ideas.
https://en.wikipedia.org/wiki/Shouting_fire_in_a_crowded_the...
https://www.nationalreview.com/2011/01/welcome-machine-kevin...
[edit] here is a nice article outlining the argument: https://www.nationalreview.com/2014/09/abolish-corporate-tax...
Every policy helps some people at the expense of others. Concentrated benefits, diffuse costs. You need to weigh both sides, not just the benefits. (edited)
EDIT: Another corollary of this explains part of why income inequality increases over time. As markets become more global, the upside for successful enterprises goes up - there are a lot more potential customers. So today someone at the top of their field can have a much higher income than he could in the past, whereas the income floor at $0 is unchanging.
http://www.dailymail.co.uk/news/article-2237717/Red-Dawn-rem...
i.e. If you agree with Barack Obama's stated position on this issue from 4 years ago.
I have no quibble with the paper or its conclusion. We should be clear-eyed about what costs we are willing to bear for liberty.