A note on redistribution |
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| Authors: | Gordon Tullock |
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| Institution: | Gordon Tullock is Professor of Law and Economics at George Mason University, Fairfax, Virginia. |
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| Abstract: | A consequence of income redistribution may well be to make everyone (including lower-income groups to which redistribution takes place) worse off after a period of years. Possibly income redistribution might gain consent because of risk aversion. The paper also draws attention to the tendency for people to be more concerned about poverty close at hand rather than far away. |
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