“Regulatory policies are inherently redistributive; that is, they involve the seizure of earned income for purposes of allocating this income in ways the government’s policymakers believe are more important than do those whose income has been seized.”

—  Tibor R. Machan

Source: Private Rights and Public Illusions (1994), p. 154

Adopted from Wikiquote. Last update June 3, 2021. History

Help us to complete the source, original and additional information

Do you have more details about the quote "Regulatory policies are inherently redistributive; that is, they involve the seizure of earned income for purposes of a…" by Tibor R. Machan?
Tibor R. Machan photo
Tibor R. Machan13
Hungarian-American philosopher 1939–2016

Related quotes

“Government grows because low-income individuals use the political system to redistribute income toward themselves.”

Harvey S. Rosen (1949) American economist

Source: Public Finance - International Edition - Sixth Edition, Chapter 6, Political Economy, p. 128

“Some argue that an income tax is unfair because it taxes capital income twice: once when the original income is earned, and again when the investment produces a return.”

Harvey S. Rosen (1949) American economist

Source: Public Finance - International Edition - Sixth Edition, Chapter 19, Taxes on Consumption and Wealth, p. 453

Thomas Sowell photo

“Despite a voluminous and often fervent literature on "income distribution," the cold fact is that most income is not distributed: It is earned.”

Thomas Sowell (1930) American economist, social theorist, political philosopher and author

Ha-Joon Chang photo

“The best way to boost the economy is to redistribute wealth downward, as poorer people tend to spend a higher proportion of their income.”

Ha-Joon Chang book 23 Things They Don't Tell You About Capitalism

Source: 23 Things They Don't Tell You About Capitalism

H.L. Mencken photo

“Wealth — Any income that is at least $100 more a year than the income of one's wife's sister's husband.”

H.L. Mencken (1880–1956) American journalist and writer

1940s–present, A Mencken Chrestomathy (1949)

“Whenever social costs are shifted onto economically and politically weaker sections of society without compensation, a redistribution of the costs of production, hence real income is involved.”

Karl William Kapp (1910–1976) American economist

Knapp, 1972 cited in: Sebastian Berger and Mathew Forstater (2007) "Toward a Political Institutionalist Economics: Kapp’s Social Costs, Lowe’s Instrumental Analysis, and the European Institutionalist Approach to Environmental Policy". In: Journal of Economic Issues. Vol.XLI, No.2, June 2007. p. 539

Rand Paul photo

“I do want to reduce the income tax and if possible, eliminate the income tax…The first thing you do is balance the budget, then reduce the size of government.”

Rand Paul (1963) American politician, ophthalmologist, and United States Senator from Kentucky

2000s

Milton Friedman photo

“The average income of blacks here is far higher than the average income of all the people in the Soviet Union. The official government definition of the poverty line in the U. S. is higher than the average income in the Soviet Union; it’s higher than the income received by 90 percent of the people on the world’s surface. Now, that doesn’t mean blacks aren’t subject to injustice; of course they are.”

Milton Friedman (1912–2006) American economist, statistician, and writer

“Interview with Milton Friedman”, Playboy magazine (Feb. 1973)

Johan Norberg photo

“Since 1965 […. ] the richest fifth of the world's population increased its average income by 75 percent. For the poorest fifth of the world's population, the increase has been faster still, with average incomes more than doubling during the same period.”

Johan Norberg book In Defense of Global Capitalism

In Defense of Global Capitalism

Will Rogers photo

“The income tax has made more liars out of the American people than golf has.”

Will Rogers (1879–1935) American humorist and entertainer

"Helping the Girls with their Income Taxes" <!-- p. 72 -->
The Illiterate Digest (1924)
Context: The income tax has made more liars out of the American people than golf has. Even when you make one out on the level, you don't know when it's through if you are a Crook or a Martyr.

Related topics