fiscal liberal

Income Inequality: Part 5

Over the past few weeks, I’ve given three arguments for redistributing wealth to shrink the gap between the rich and the poor. First, I argued that societies that redistribute more are seen as less corrupt. Second, I argued that vast inequalities do significant harm to individuals. More unequal societies have more poverty, more spending on the military, higher infant mortality rates, more people in prison, more homicides, greater substance abuse, and lower life satisfaction. Third, I argued that if we follow the widely popular “Golden Rule,” then we’ll see that a rational, self-interested person ought to ensure opportunities for the disadvantaged instead of being concerned about the well-being of those at the top.

I’ve now reached the last, great bastion of fiscal conservatism: libertarianism. The guiding principle behind libertarianism is the noninterference principle: one should be able to do as they please so long as they are not interfering with others, and one should be free from interference by others. The noninterference principle applies to property: one should be able to do as they please with their property so long as they are not interfering with others, and one should be free from others taking their property. You can see how fiscal conservatism easily follows: individuals have the right to do whatever they want with their money, and redistribution violates this right.

Robert Nozick appropriately applies this fiscal conservativism to taxes: “Taxation of earnings from labor is on a par with forced labor…taking the earnings of n hours labor is like taking n hours from the person; it is like forcing the person to work n hours for another’s purpose” (Anarchy, State, and Utopia). Redistribution is akin to the harms of slavery. (more…)

Income Inequality: Part 4

What sort of society should the rational person want?

Last time, I concluded that wealth inequality does significant harm to an individual’s life, liberty, and mental health, with no additional benefits. The bare existence of inequality within a society does great harm—more harm than poverty alone. This is the first reason I believe we have a moral imperative to alleviate such gross inequality.

The second reason we should alleviate the inequality rampant in our society stems from the Golden Rule: do unto others as you would have them do unto you. I don’t take the Golden Rule to be an actual rule; it doesn’t say explicitly “do not hit your sister” like other moral rules do. Rather, the Golden Rule is a sort of “master rule.” It tells you how to make decisions about what to do. (more…)

Income Inequality: Part 3

Welcome back! I’m continuing a series on income inequality. In part 1 of this series, I argued that the fiscal conservative stance is an ethical stance, not simply an economic one. I argued that it does more harm than good. That is, fiscal conservative policies hinder the wellbeing of persons. In this post, I’m going to use quite a bit of data with two purposes, (1) I want to simply show how different democratic countries stack up with respect to many social goods, and (2) I want to convince you that inequality does more harm than good.  (more…)

Income Inequality: Part 2

In Part 1 of the series on income inequality, I argued that being a “fiscal conservative” is a moral stance. One of the principles of fiscal conservativism says that we ought to balance the budget by cutting spending rather than raising taxes. In fact, a fiscal conservative will hardly ever encourage raising taxes.

The main reason a conservative doesn’t want to raise taxes is because she is opposed to redistributing wealth. We ought not take money from the rich, and just hand it over to the poor. (more…)