The Costs of Public Income Redistribution and Private Charity

Most academic participants in the ongoing debate over income redistribution are aware that it is not possible, ever, for government to tax one set of persons and redistribute the same amount to a set of subsidy recipients. Some fraction of each dollar taxed will always be absorbed in wages and salaries of the administrative bureaucracy, costs of purchasing, powering, maintaining and replacing equipment, buildings, etc., and other overhead costs. Only the remainder will actually be received by the target population in the form of cash or in kind payments.

The Limits of Jacksonian Liberalism: Individualism, Dissent, and the Gospel of Andrew According to Lysander Spooner

In 1844 Massachusetts resident Lysander Spooner (1808–1887) advertised in the public press the establishment of the American Letter Mail Company. That agency promised to carry letters from New York to Philadelphia, Baltimore, and Boston at a uniform rate of 5 cents (significantly less than the 12 ½ cents the federal postal service required for letters traveling from Boston to New York and 25 cents to Washington, D.C.); in so doing, it intentionally challenged the legitimacy of the federal postal monopoly. To be sure, Spooner intended to realize a profit from that venture.

Eminent Domain and Economic Development: The Mill Acts and the Origins of Laissez-Faire Constitutionalism

In Kelo v. City of New London (2005), the United States Supreme Court upheld the use of the eminent domain power to take property from homeowners for the purpose of economic development. Under the Fifth Amendment, wrote Justice John Paul Stevens for the majority, eminent domain may be used only for a public purpose. But “public purpose” is a broad concept.

Volume 21, Number 2 (2007)