Hacker News new | ask | show | jobs
by phugoid 3185 days ago
> It’s just not right to say that so few people should get to control the entire continent just because they were there first.

By that argument, it's just not right to say that multi-millionaires should control so much wealth just because they were born into privileged conditions. Wouldn't fairness require a forced redistribution of those resources?

1 comments

That's why we have such massive forced redistribution of those resources (e.g. progressive income taxes), yes.

There is a limit in either case. Nobody would say one person should be allowed to control all global wealth, or that one person should be assigned all of North America. It's just a matter how where you draw your line.

One might consider that the fortunes and income of the very wealthy are, for the most part, not subject to income tax, nor progressive taxes of any other sort of which I am aware. Dividends, capital gains, etc.