Barro at Bloomberg makes the case for government redistribution. Dems want more government-controlled redistribution and less voluntary redistribution.
For better or worse, we in the US have had extensive government-controlled redistribution for generations in myriad forms. The real issue is not redistribution, it's how much, from whom, to whom, in what form? Further, it's a question of at what point forced, as opposed to voluntary, redistribution interferes with freedom, growth, initiative, and opportunity for all.
My favorite form of redistribution is the one I practice daily: I voluntarily buy things and services from other people. I buy a fish taco from a food truck in mid-town Manhattan, and I buy my work shirts at Brooks Brothers, made in the USA. I give generous tips, and big tips in December. It's a pleasure. During Christmastime I do most of my charitable giving too, while ramping up my redistribution of my "wealth" in exchange for material things to give to others.
Over the course of a year I redistribute a heck of a lot of my income. Last year, according to my Quicken, it was around 85% including taxes. Greedy Capitalist Pig that I am, I did fail to redistribute 15% of it to preserve for my future wants or needs to minimize the likelihood that I might have to humiliate myself to desire redistribution to myself someday. I put that filthy un-redistributed 15% in the solicitous care of Vanguard but, even to them, I am required to redistribute some small % of it.
Markets are geniuses at redistributing wealth in exchange for some sort of value-added.
Stashing away 15% was not easy to do, since my redistributed city, state, and federal taxes already approach 50% of my fairly-decent but far-from-wealthy salary this year. I do it because, while I enjoy my more immediate pleasures and indulgences - boat, dinners out, girl friends, beer, theater, travel - I have ambitious plans for my future too which will cost money to try to make happen. Sometimes I wonder how much wealth is redistributed from parents to kids, directly.
I am, and will be, one of the proud work horses pulling this big government wagon. No choice. Nobody has ever said "Thanks." I also help carry the free enterprise wagon, and am happy to be able to do so in whatever ways I can, within reason.
