The Economics of Envy

Over at Law & Liberty, our reasonable doctor critiques the motivation behind much of the criticism of the imprudent tax cuts proposed by the British Chancellor of the Exchequer.

But in the eyes of most people, the fact that the rich would benefit from the tax cuts more than the poor was enough in itself to condemn them, irrespective of their outcome for their economy as a whole: that is to say, even if they were to increase general prosperity, they would still be undesirable because they would have increased inequality. 

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