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Tuesday, April 26, 2016

Wealth is not a social product or a social value

"Contrary to the collectivist view, wealth is not a social product or a "social value," to use Rawls's terminology. It does not emerge as a single blob of "national income" that must be divided up by society. Wealth is created by, and morally belongs to, the individual creator. If Robinson Crusoe is tired of trying to scoop up fish with his hands and figures out how to turn a tree branch into a spear, increasing his daily catch tenfold, can Friday, who never thought to make a spear, properly complain that Crusoe has received an "unfair distribution" of fish?"

~ Don Watkins and Yaron Brook in Equal is Unfair

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