Preview

Libertarianism and Redistribution of Wealth

Good Essays
Open Document
Open Document
1145 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Libertarianism and Redistribution of Wealth
Libertarians claim that it is unjust to redistribute wealth through taxation in order to provide services to the poor based on the idea that it violates the fundamental right of liberty; the right to do whatever we want with the things we own, provided we respect other people’s rights to do the same. The problem with this argument is in the phrase “things we own”. To own something is to assume that you are fully entitled to it and owe nothing to any other party for the privilege of that ownership. The libertarian claim that any money gained though employment or business is money that they are fully entitled to is false, therefore the claim that the redistribution of that wealth through taxation is a form of theft is also false based on the grounds that no one fully owns all of their wealth. The reason that no one fully owns all of their wealth is that we live in a society where many aspects of our economy that contribute to the generation of wealth are paid for by society as a whole. An example of this is a child who goes to school. This child will graduate knowing how to read, write, do math, use computers, etcetera. These are all skills required both for them to have income and for future employers to profit from. These skills allow employers to hire them knowing that they can have a basic level of expectation of this child, and even if they are not employed, business owners can also assume a basic level of expectation in the ability to use the products being sold.
To clarify, let’s look at an example using Bill Gates, one of the richest men in the world. Bill Gates would never have become wealthy if he did not have the basic expectation that the majority of people in America had the education and knowledge to use computers. He did not pay for this knowledge, society as a whole did. The fact that society is responsible for educating our people to the basic level required for the use of Bill Gates’ products is the reason why Bill Gates does not

You May Also Find These Documents Helpful

  • Good Essays

    “There is no one else who has spent this much money” (qtd. in J. Mayer 5)…

    • 995 Words
    • 4 Pages
    Good Essays
  • Satisfactory Essays

    After watching the video, "Wealth Inequality in America", published by Politizane, I was surprised when finding out that only the top one percent of America has 40 percent of all the nation's wealth. It was also surprising to discover that the top one percent owns half the country's stocks, bonds, and mutual bonds, while the bottom 50 percent of Americans own only half a percent of these investments. One of the notions I had that was challenged by the video was the amount of money the wealthy actually have compared to the rest of the classes. I was aware that wealth mostly distributed to the wealthy class, but I never imagined that the division between the wealthy class and the rest of the classes would be so huge. Its incredible that the CEO's…

    • 227 Words
    • 1 Page
    Satisfactory Essays
  • Good Essays

    This is shown in the fact that 68.7 percent of the world’s population only holds three percent of the wealth in the world and only 8.4 percent of the world’s population has 83.3 percent of the wealth of the world (Doc 6). The 68.7 percent of the world with the least amount of money often works in factories for very low wages, these factories being owned by the most wealthy. This relates to how those who get ahead have to step on others, with the wealthy exploiting the poor for their wealth.…

    • 477 Words
    • 2 Pages
    Good Essays
  • Powerful Essays

    Classical Liberalism is against government interventionism in all realms of life. They believe that everyone should be treated equally regardless of income. This differs from reform liberalism, as they want government intervention to guarantee equality of opportunity. This is made possible by progressive income tax, government regulation on big business, and social welfare. In My opinion Classical Liberalism is superior as its fair and easier to implement than reform Liberalism.…

    • 648 Words
    • 3 Pages
    Powerful Essays
  • Best Essays

    The Welfare/Nanny State is a popular discussion that entertains a variety of notions. Views such as the Libertarians’ believe that self-reliance and responsibility are of great importance when referring to government issues. For example, the government’s role is not that of a “Nanny” state in reference to Universal Health Care. Are we to look to our government for complete and unearned help? Does the government have the right to dictate to us when, where, how and how much we are to have, do and enjoy? The Libertarians’ views on this are very simple. Let’s take a look at these points and determine exactly where the Libertarians stand, and determine if the government is stepping over its given powers.…

    • 1981 Words
    • 8 Pages
    Best Essays
  • Satisfactory Essays

    Donna Langston, in “The Difference Among US: Divisions and Connections” (2003), questions the availability of the “equal opportunity” that the U.S. is proud of. As much as the people would like to deny that people are born into a certain economic class, and will most likely remain in that class for the rest of the life, it is true. As she puts it, “some were born with silver shoe horns” (Langston 371), people who are born into a financially stable environment would likely remain financially well off their entire life, by going to school and becoming a skilled professional and the chances of people born into the working class obtaining higher education are highly jeopardized. Langston’s belief does not just apply to to the people’s finances, but also their culture. The class you are raised in influences “your understanding of the world and where you fit in; it’s composed of ideas, behavior, attitudes, values, and language” (Langston 372). One’s finances decides where he can live, what school he can attend, what kind of social life they can have, and thus creates a kind of community that he is a part of. The claim that everyone has equal opportunity causes people of the working class to feel that they are the cause of their position in society and their problems when in reality they have very limited opportunity to change their lifestyle.…

    • 438 Words
    • 2 Pages
    Satisfactory Essays
  • Good Essays

    Many believe that education reflects benefits onto society where others believe that these ‘benefits’ are not externalities and do not warrant government interference. Hall addressed that many in favor of government involvement in education argue that ensuring every child receives the minimum amount of education is necessary to promote a stable, and democratic society (2006, p.166). Friedman, originally in favor of this idea and later opposed, argued that a stable and democratic society is impossible without a minimum degree of literacy and knowledge on the part of most citizens (1962, p.86). A minimum amount of education does serve a purpose in society, but it does not have an effect on democracy. Lott showed empirical and theoretical evidence supporting the lack of effect education has on society. Lott’s proposition explained that education may provide stability, but it is not necessarily beneficial to democracy (1987, 1999). Another argument on education having beneficial externalities is the correlation between level of education and productivity of the individual and their coworkers. Hanushek explained that expanded education of an individual might indeed affect other workers in the economy and the new advancements in technology made by the educated population will lead to a spill over effect (2002, p. 2065). Although this idea may hold some truth, the effects of the spill over are not adequately reflected into the market. Hall insists that even if more educated workers creates a higher level of investment by firms leading to higher wages, the workers are still being paid for the marginal product of their labor (2006, p.169). It is also argued that an increase in education will have a positive effect on income. One would think that people with a higher level of education would have a higher income, but this assumption is false. Pritchett explained that…

    • 994 Words
    • 4 Pages
    Good Essays
  • Good Essays

    Thomas Paine: the man who helped inspire a revolution, the man who wrote controversial pamphlets and rousing songs that kept soldiers fighting, the man who was once one of the greatest supporters of human rights, held in his heart the belief that the American government system was so flawlessly formed that there were no causes for discord. While Thomas Paine’s ideal may certainly have been correct in 1791, it no longer is. The American government system, and those who make it, are compromised. They are being traded, sold, and most importantly bought, by those who have the means to do so; creating a system where the rich get richer, the poor get poorer, and where privilege is defined as being white and male. Theses issues are inarguably cause…

    • 778 Words
    • 4 Pages
    Good Essays
  • Best Essays

    In today’s capitalist economy, where economic transactions and business in general is centered on self-interest, there is a natural tendency for some people to make more than others. That is the basis for the “American Dream,” where people, if they worked hard, could make money proportional to their effort. However, what happens when this natural occurrence grows disproportional in its allocation of wealth within a society? The resulting issue becomes income inequality. Where a small portion of the population, own the majority of the wealth and the majority of the population own only a fraction of what the rich own. This prominent issue has always been the subject of social tension from even before the French Revolution and spawns numerous other social issues in a society. In the more recent Occupy Movement, beginning in 2011, protesters used income inequality as a motive. Moreover, they were justified in doing so. In a 2010 statistic, it was revealed that the top 1% of America, own 35% of the wealth while the lower 80%, over the majority of the population, only have 11% of the nation’s wealth distributed between them. Financially the situation is even worse where the bottom 80% own only 5% of the financial wealth and the top 1% own 42% of the Nation’s financial wealth. Not to say the top 1% didn’t work hard to get to where they are, but according to the ideals of the “American Dream,” the top 1% should have worked 243 times harder than the average, not the poorest, worker in America. This extreme of disproportional wealth distribution is not only a source of social conflict, but a catalyst for various other problems that exist.…

    • 1528 Words
    • 5 Pages
    Best Essays
  • Better Essays

    hard work

    • 1822 Words
    • 8 Pages

    Some people sit back and think about how good of a life they have, while others are wondering why they are constantly feeling like they are at a disadvantage. This is what Namit Arora, discusses in his essay “What Do We Deserve?” He often thinks to himself, “How much of my good life do I really deserve? Why me and not so many others?” (Arora 87) and what he means by this is, why is it fair that he receives so many rewards in life when others are struggling to pay the bills. Well I completely agree with him; not everyone is going to have the same rewards in their lives because of many different factors including family background, genetics, environment and so on. However, while one might not start off as wealthy or intelligent or as athletic as someone else, it does not mean that they do not have the opportunity to become as great as the people who are more fortunate. So when it comes to the social and economic justice in today’s society, I would come up with a model that allows all people to have equal opportunities to achieve whatever goal they would like to achieve no matter what type of living condition that they are born into. This idea sounds almost identical to the already existing model called the Libertarian model. The Libertarian model is one of which “distributive justice favors a free market with well-defined rules that apply to all” (Arora 87). In other words, all people get the equal chance to work for they want in life. However adding on to this model, I would create programs that help out everyone who is struggling, whether they are rich or poor. This idea is similar to the Meritocratic mode, which is a model that helps out the needy and less fortunate. As one can recognize my new model is somewhat of a mixture between the Libertarian and the Meritocratic, however it is still a little different because instead of the government only helping out the “less fortunate,” they would actually be helping anyone who is willing to take the time…

    • 1822 Words
    • 8 Pages
    Better Essays
  • Good Essays

    Although some blame others for their non-achievements, many people take full responsibility and blame themselves for not making it the way they had planned to. Individual economic success begins with self-seeking motives. That all ended with benefiting society- in order to create the American Dream (Herald, 1). Students and families put themselves into deeper situations by doing bigger things than they can actually handle. Some of the middle classed people take full…

    • 825 Words
    • 4 Pages
    Good Essays
  • Satisfactory Essays

    Class in America

    • 570 Words
    • 3 Pages

    Sixty percent of the American population holds less than 6 percent of the nation's wealth....…

    • 570 Words
    • 3 Pages
    Satisfactory Essays
  • Better Essays

    There is no one cause for the wealth inequality, but there are many negative effects. The wealth gap in the U.S has been steadily increasing for decades, according to Piketti, it has now reached levels not seen since 1928 which was roughly the same time period as the Great…

    • 2234 Words
    • 9 Pages
    Better Essays
  • Satisfactory Essays

    Wealth and class in today’s society are different for everyone. Wealth, class and social status are based upon a number of different factors. Race, gender, education and culture are part of how much wealth you have, what class you belong to and where you fit on the social scale. Whoever said that everyone is equal was wrong. How can that be true when we are still divided by our wealth, class and social status?…

    • 310 Words
    • 2 Pages
    Satisfactory Essays
  • Good Essays

    Contrary to Singer’s position, many Americans, not just the wealthy, would argue that what you have earned or acquired belongs to you and only you, not poor Joe Schmo on the street who wasn’t dedicated enough to hold a job. America was founded on Capitalist ideals: one is free to prosper or fail on one’s own, and many Americans still hold these values close to their heart. Although this argument appears based on greed and selfishness, capitalism is actually constructed around self-interest, entirely different than just being selfish. Self-interest is an evolutionary trait that has kept organisms, namely humans alive, selfishness is a flaw which carries self-interest to new immoral levels. American capitalists would also argue that giving everything you don’t need to the poor would destroy the incentive to work harder to earn their own living…

    • 969 Words
    • 4 Pages
    Good Essays