Does Diminishing Marginal Utility Imply Wealth Transfers from More Wealthy to Less Wealthy?
Posted in Central Planning, ethical foundations, Taxation, Voluntary Society, Welfare State on Mar 17th, 2014
It is typically asserted that on utilitarian grounds we can and should redistribute wealth from the richer to the poorer. On its face and all-alone the argument makes some sense. The argument goes like this: since there is diminishing marginal utility of wealth, a dollar to a rich person is worth less than a dollar […]
