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The Fallacy of Redistribution

By Thomas Sowell - September 20, 2012

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The recently discovered tape on which Barack Obama said back in 1998 that he believes in redistribution is not really news. He said the same thing to Joe the Plumber four years ago. But the surfacing of this tape may serve a useful purpose if it gets people to thinking about what the consequences of redistribution are. Those who talk glibly about redistribution often act as if people are just...

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Thomas Sowell

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