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Death, Wealth, and Taxes

July 20, 2005

Tags Taxes and Spending

While there are many economists and philosophers who have defended the right to become wealthy, few have defended wealth per se. But in fact, the simple existence of wealth is economically of great importance, quite apart from the familiar need for society to accumulate capital for investment. Wealth and the inequality it breeds are actually central to the functioning of our entire economic system.

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The Public Interest, Fall 2000, pp. 55-67.