Source: Cato Institute
by Paul Meany
“The redistribution of wealth has once again become a central demand of American progressivism. Figures such as Bernie Sanders and Elizabeth Warren argue that extreme concentrations of wealth should not merely be taxed to finance government programs but actively reduced through policies such as annual wealth taxes. Alexandria Ocasio-Cortez and Zohran Mamdani have advanced similar arguments in favor of shifting resources from the wealthy toward public services, income supports, and social programs. Behind these proposals lies a broader moral claim: the state is justified in redistributing concentrations of private wealth for public purposes. The deepest objection to these policies is not economic but political and moral.” (08/07/26)
https://www.cato.org/blog/when-government-redistributes-wealth-it-redistributes-power