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Redistribution Quotes

Browse 11 quotes about Redistribution.

Redistribution Quotes

“All redistribution, regardless of the criterion on which it is based, involves "taking" from the original owners and/ or producers (the "havers" of something) and "giving" to nonowners and nonproducers (the "nonhavers" of something). The incentive to be an original owner or producer of the thing in question is reduced, and the incentive to be a non-owner and non-producer is raised. Accordingly, as a result of subsidizing individuals because they are poor, there will be more poverty. By subsidizing people because they are unemployed, more unemployment will be created. Supporting single mothers out of tax funds will lead to an increase in single motherhood, "illegitimacy," and divorce.”

FamilyWelfareRedistribution
Book:Democracy: The God That Failed
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“The defining feature of world politics post the Global Financial Crisis (GFC) has been the rise of right-wing populists, who have disrupted politics. It wasn't meant to be this way. Conventional wisdom at the time was that the GFC would lead to the 'social democratic moment'. The theory went that in the aftermath of the GFC - an event which exposed the dangers of relentless deregulation and fuelled an already existing rise of inequality - progressive parties, with a preference for appropriately calibrated regulation and redistribution, would benefit. Like much conventional wisdom, reality proved otherwise. Instead, it's been the right-wing populists' moment. The charlatans' moment. First, they disrupted their own parties, then they disrupted politics more broadly. (p.14-15)”

InequalityRegulationConventional WisdomDeregulationSocial DemocracyWorld PoliticsRedistributionRight Wing PopulismGfc
Book:On Charlatans
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“In basic microeconomics textbooks, even when welfare gets attention, it is in the domain of efficient outcomes. Redistribution through taxes is first introduced as a big ‘no go’ domain with concepts of deadweight loss. However, inefficiency out of market behaviour and market outcomes is plainly ignored and overlooked. Approximately, $600 million daily is needed to feed every extremely poor person, yet about $2.75 billion value of food is wasted every day, according to Food and Agriculture Organization. Consequently, 9 million people die every year from hunger while one-third of all food is wasted. This gross inefficiency in economic resources is not captured or discussed. According to Food and Agriculture Organization of the United Nations, globally, per capita food supply increased from about 2,200 kcal per day in the early 1960s to more than 2,903 kcal per day by 2014. But under capitalism, the market allocates goods including even food to only those who can pay its price. It does not make a difference whether the willingness to pay is less than the price due to ‘preference’ or due to ‘poverty’. Yet, mainstream economics claims consumer sovereignty.”

EconomicsAltruismEquitySelf InterestInefficiencySelfish GeneNeoclassical EconomicsRedistribution
Book:Reflections on the Origins in the Post COVID-19 World
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“The demands of the Young Lords could have been written today. We believed in the power of the people and in community and personal transformation. We demanded the redistribution of economic and social resources. We fought for racial justice and the equality of women. As internationalists, we condemned all political, economic, and military intervention by one nation against another. We battled proudly against exploitation, social injustice, and colonial domination. It was a call for revolution!”

CommunityMilitaryRevolutionSocial JusticeEqualityColonialismPuerto RicoInternationalismRedistributionYoung Lords
Book:Through the Eyes of Rebel Women: The Young Lords, 1969-1976
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“When welfare is discussed in microeconomics textbooks, it is only in the domain of economic exchange in markets. The discussion in such places sets total welfare maximization as the virtuous end or criterion. In first-degree price discrimination adopted by a monopolist, there is no welfare loss. However, there is no consumer surplus either despite having optimal efficiency. Economics is neutral between desirable or undesirable equilibrium from the point of view of equity.”

ScienceReligionValuesMoralityEthicsEconomicsEfficiencyEquityNeoclassical EconomicsRedistribution
Book:Reflections on the Origins in the Post COVID-19 World
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