View Single Post
Old 04-04-2009, 12:08 PM
x9#z6 x9#z6 is offline
Join Date: Dec 2008
Posts: 27
Default Re: Something Epic (Mark Kleiman & Megan McArdle)

Originally Posted by atlas1882 View Post
I'm not sure where you came up with the interpretation that Megan condones policies which distribute the tax receipts of lower income individuals to higher income individuals. I must have missed that part of the diavlog.
Government policies that both encourage the growth of asset bubbles and provide implicit and explicit insurance policies for market bets gone sour, effectively distribute wealth upwards (look at the recent Geitner plan, it's clear as day). Megan claims to not be against people who get rich making such bets...but this doesn't happen in a vacuum, their wealth comes at the expense of others.
Reply With Quote