I completely agree. Libetarianism, and other forms of laisze faare economics assume that the amount of work one does is equivalent to how much wealth a person owns.Pocket Apocalypse said:*snip*
Which isn't true-
1)- Some people get lucky and others are just unlucky in life- you can spend most of your working life hard at work and never make as much money as you hoped for, or you could be quite successful and still blow it due to an unlucky investment.
2)starting blocks are not equal-person A comes from a stable wealthy family and is privately educated, and leaves university with a degree in say, economics.
Person B comes from a broken family, and leaves high school with poor grades.- while it is possible that person B is as or more successful as person A, that is extremely unlikely.
The more economic freedom a country has, the greater the divide between rich and poor there is due to lack of taxation- the rich get richer and the poor get poorer. Economy is a big boom and bust cycle. I imagine social tensions would be high.
In a country with less economic freedom, no one is super-rich and no one is is super-poor due to taxation most people are either lower middle class or middle class. Markets are more stable but less money is made.
I think its a question of finding the balance between left and right wing economics- i'm personally roughly centralist, leaning towards the left.