August 19, 2011

“LAST PLACE AVERSION:” Why Even the Poor Oppose Redistributist Tax Policy. From the comments: “The untold story is that redistribution of income is, by and large, not designed to help the poor but to preserve social stability on behalf of the rich (or a portion of them). It’s like Guido Calabresi used to tell his students on the first day of classes at Yale. Are you in favor of high taxes? Yes. Are you in favor of high spending? Yes. Do you want to see your seats at Yale redistributed to people with lower test scores? Silence. Aha, he would say, you just want to redistribute other people’s advantages, not your own.”

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