sunmaster14
Penultimate Amazing
- Joined
- Feb 24, 2014
- Messages
- 10,017
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Here is the problem as I see it. Penn Jillette's children will have advantages that poor children do not. Whether one is born advantaged or disadvantaged is the greatest predictor of success. If Jillette moved his children into a modest home and did not provide any advantages to them that wealth provides then I would find that he is consistent in his ethics as it relates to this point. Jillette is paternalistic when it comes to his children (as he should be). Why can't, in the very least, the govt can be somewhat paternalistic when it comes to the children of poor people?
I have a few points to make:
(1) I am not against the government providing a social safety net, and I think most conservatives/libertarians are not. In practice, the argument is about how high and wide the net should be, as well as how fine the mesh should be.
(2) Making the net too high or too wide can create perverse incentives which have the effect of perpetuating bad behavior and poverty.
(3) Transferring resources to poor people so as to even out opportunity is not on the same moral plane as transferring resources from rich people to even out opportunity. The latter strikes me as Harrison Bergeron-esque and is morally repugnant in my view. If fairly moderate people (such as myself) consider a solution to be immoral, then a likely consequence of that is that it will prove impractical. Laws which the people see as immoral generally don't work.
(4) Although there is a strong positive correlation between the success of a child and the wealth of his parents, I believe the causal relationship is less clear. I am inclined to believe that it has less to do with the parents' wealth and more to do with the parents' education, culture, and character. Is it unfair that some children are born to good parents and some are born to crappy parents? I guess so, but what are you going to do about it? What would you have the government do about it?
In light of points (3) and (4), the estate tax makes no sense. The money raised is de minimis, and I think that if one took into account all of the ancillary effects (particularly the time and resources wasted in avoiding and enforcing the tax, as well as the distortion of incentives to spend and invest), one would find a net negative contribution to government tax receipts, and, more importantly, to the economy. The only way the estate tax makes sense is as a punitive measure, and I don't see the point of that.