Making the rich poorer does not make the poor richer, but it does make the state stronger—and it does increase the power of officials and politicians, power more menacing, more permanent and less useful than market power within the rule of law. Inequality of income can only be eliminated at the cost of freedom. The pursuit of income equality will turn this country into a totalitarian slum.
And your humble author would like to say that seldom has a truer word ever been said. Despite Joseph being a Tory, this could very easily be a defining slogan for any Libertarian Party.
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