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<DIV><FONT color=#000040><FONT face=Arial size=2>HOW REDISTRIBUTION OPERATES
<BR>Robert Nozick, Anarchy, State and Utopia <BR><BR>It has been often noticed,
both by proponents of laissez-faire capitalism and <BR>by radicals, that the
poor in the United States are not net benficiaries
of <BR></FONT></FONT><FONT color=#000040><FONT face=Arial><FONT
size=2><SPAN class=270495200-26042001> </SPAN>the total government programs
and interventions in the economy. Much of <BR><SPAN
class=270495200-26042001><FONT
color=#0000ff> </FONT></SPAN></FONT></FONT></FONT></DIV>
<DIV><FONT color=#000040><FONT face=Arial><FONT size=2><SPAN
class=270495200-26042001>mbs: Noted by people who can't count, I
imagine.</SPAN></FONT></FONT></FONT></DIV>
<DIV><FONT color=#000040><FONT face=Arial><FONT size=2><SPAN
class=270495200-26042001></SPAN></FONT></FONT></FONT><FONT color=#000040><FONT
face=Arial><FONT size=2><SPAN
class=270495200-26042001></SPAN></FONT></FONT></FONT><FONT color=#000040><FONT
face=Arial><FONT size=2><SPAN
class=270495200-26042001></SPAN></FONT></FONT></FONT> </DIV>
<DIV><FONT color=#000040><FONT face=Arial><FONT size=2><SPAN
class=270495200-26042001> </SPAN>government regulation of industry was
originated and is geared to protect the <BR>position of established firms
against competition, and many programs greatly <BR>benefit the middle class.
The critics (from the right or the left) of these <BR>government programs
have offered no explanation, to my knowledge, why the <BR>middle class is the
greatest net beneficiary. <BR><SPAN class=270495200-26042001><FONT
color=#0000ff> </FONT></SPAN></FONT></FONT></FONT></DIV>
<DIV><FONT color=#000040><FONT face=Arial><FONT size=2><SPAN
class=270495200-26042001><FONT color=#0000ff>mbs: reflects gross ignorance
of the literature on regulation, from</FONT></SPAN></FONT></FONT></FONT></DIV>
<DIV><FONT color=#000040><FONT face=Arial><FONT size=2><SPAN
class=270495200-26042001><FONT color=#0000ff>both right and
left.</FONT></SPAN></FONT></FONT></FONT></DIV>
<DIV><FONT color=#000040><FONT face=Arial><FONT size=2><SPAN
class=270495200-26042001><FONT
color=#0000ff></FONT></SPAN></FONT></FONT></FONT> </DIV>
<DIV><FONT color=#000040><FONT face=Arial size=2>There is another puzzle of
redistributive: why dont the least well-off 51 <BR>percent fo the voters
vote for redistributive policies that would greatly <BR>improve their position
at the expense of the best-off 49 percent? That this <BR>would work
against their long-run interests is true, but this does not ring <BR><SPAN
class=270495200-26042001><FONT
color=#0000ff> </FONT></SPAN></FONT></FONT></DIV>
<DIV><FONT color=#000040><FONT face=Arial size=2><SPAN
class=270495200-26042001>mbs: actually there is a lot of evidence of the
influence of the median</SPAN></FONT></FONT></DIV>
<DIV><FONT color=#000040><FONT face=Arial size=2><SPAN
class=270495200-26042001>voter on public sector outcomes. Again, the lack
of reference to such</SPAN></FONT></FONT></DIV>
<DIV><FONT color=#000040><FONT face=Arial size=2><SPAN
class=270495200-26042001>work, aside from whether it is true or not, bespeaks
ignorance.</SPAN></FONT></FONT></DIV>
<DIV><FONT color=#000040><FONT face=Arial size=2><SPAN
class=270495200-26042001></SPAN></FONT></FONT> </DIV>
<DIV><FONT color=#000040><FONT face=Arial><FONT size=2><SPAN
class=270495200-26042001> </SPAN>true as the explanation of their
refraining. Nor is an adequate explanation <BR>provided by referring to
the lack of organization, political savvy, and so <BR>forth, in the bottom
majority. So why hasnt such massive redistribution been <BR>voted?
The fact will seem puzzling until one notices that the bottom 51
<BR>percent is not the only possible (continuous) voting majority; there is
also, <BR>for example, the top 51 percent. Which of these two majorities
will form <BR><SPAN class=270495200-26042001><FONT
color=#0000ff> </FONT></SPAN></FONT></FONT></FONT></DIV>
<DIV><FONT color=#000040><FONT face=Arial><FONT size=2><SPAN
class=270495200-26042001>mbs: what an imbecile. this is discussed
all the time in public choice lit.</SPAN></FONT></FONT></FONT></DIV>
<DIV><FONT color=#000040><SPAN class=270495200-26042001><FONT face=Arial
color=#0000ff size=2>this is not even worth responding
to.</FONT></SPAN></FONT></DIV>
<DIV><FONT color=#000040><SPAN class=270495200-26042001><FONT face=Arial
color=#0000ff size=2></FONT></SPAN></FONT> </DIV>
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