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

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