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Taxes, Votes and the Distribution of Income: A Dynamic Model of the Growth of Government

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posted on 2001-03-01, 00:00 authored by Allan MeltzerAllan Meltzer, Scott F. Richard

Is majority rule compatible with a market economy in which incomes differ? Why do the poor use their votes to confiscate and redistribute wealth? Is there a limit to the size of government in growing economy? Will the political process eventually equalize after-tax incomes?

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2001-03-01

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