Friday, January 12, 2018

How equal is the Tax Burden? Not very.

We're doing a lot of Michael Huemer lately. From his Facebook:




"A dollar of poor dollar consumption is worth more than a dollar of rich person consumption," is the best argument for redistribution. In a more perfect world, this economic argument would replace completely the vague intuitions about fairness argument.

There's a popular video reporting that when you ask commonfolk what they think the fair distribution of wealth is, you get far more equality than what actually exists.

But I suspect that if you ask people what they think the top 1% fair share of tax burden is, they will give a much lower percent than what actually exists.

Bottom line, political irrationality is a thing, and we should stop using deviation from public opinion as a measuring tool for how bad our society is.