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Re: n4807g post# 91166

Monday, 02/01/2010 11:17:59 AM

Monday, February 01, 2010 11:17:59 AM

Post# of 577622
What you have to ask yourself is what kind of society you want. Some talk as if income distribution was an absolute determined by free market forces. That's nonsense.....it is ALWAYS engineered....one way or another.

The heart of it, imo.....from your article:

Inequality of wages and incomes is clearly bad if it results from government privileges. Many people would find such an outcome unjust, but even more important to many economists is that such inequality sets up perverse incentives. Instead of producing valuable products and services for their fellow citizens, as people tend to do in free economies, people in societies based on government-granted privileges devote much of their effort to pleasing, or outright bribing, government officials.

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