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  From Subsistence to Prosperity: Why Redistribution Fails
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In this week’s “Three on Thursday,” we explore how high taxation and income redistribution harm living standards, stifle economic growth, and hinder wealth creation, using Paul Zane Pilzer’s Fish Story from his 1990 book, Unlimited Wealth. Wealth isn’t a finite resource to divide—it’s generated through innovation, productivity, and investment. High taxes and redistribution, though often well-meaning, literally rob the US economy of the benefits of technology. 

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Posted on Thursday, January 30, 2025 @ 3:46 PM • Post Link Print this post Printer Friendly

These posts were prepared by First Trust Advisors L.P., and reflect the current opinion of the authors. They are based upon sources and data believed to be accurate and reliable. Opinions and forward looking statements expressed are subject to change without notice. This information does not constitute a solicitation or an offer to buy or sell any security.
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