Wednesday, 30 April 2014

QUOTE OF THE DAY, 2: On Redistribution

-- "The more one considers the matter, the clearer it becomes that redistribution is in effect far less a redistribution of income from the richer to the poorer, as we imagined, than a redistribution of power from the individual to the State" -- Bertrand de Jouvenel, economist, philosopher and co-founder of the Mont Pelerin Society in 1947.

"The more one considers the matter, the clearer it becomes that
redistribution is in effect far less a redistribution of income
from the richer to the poorer, as we imagined, than a redistribution
of power from the individual to the State"

-- Bertrand de Jouvenel, economist, philosopher
and co-founder of the Mont Pelerin Society in 1947
[Hat tip Lawrence Reed]

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