Confiscation | Artificial High Time Preference

#economics #force #freedom #justice

The idea that interfering with property rights will not influence production is absurd. It’s extremely naïve to think confiscating wealth will not have an effect. Those trying to win a popularity contest will call this “fair.” However, it’s taking the property of one and giving it to another, of course, the middleman always takes a cut. Taking the property from one is a magical form of justice.

As Walter Williams said, “But let me offer you my definition of social justice: I keep what I earn and you keep what you earn. Do you disagree? Well then tell me how much of what I earn belongs to you – and why?” Goods are not distributed by some omnipotent being. They are never in circulation. They are either owned or unowned. They can be appropriated if they are unowned. Goods were first confiscated if they are distributed.

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