Re:Former Equifax Executive Charged with Insider Trading
by ethbro on Friday March 30, 2018 @11:13PM
(#16721478)
Example:
(Case 1) A world in which individuals are completely free to do with their wealth as they will (so, no taxes, regulations, etc).
(Case 2) A world in which individuals are absolutely prohibited from wealth transfer. At the time of their death, all individual assets / privileges are seized, then redistributed evenly to the next generation.
Select a random individual from a new generation in each case.
Would you disagree that they have different effective individual liberty? That is, the options available to them to pursue in life?
Essentially, I see effective liberty as the product of rights and means to exercise those rights. And I believe the greatest individual liberty cannot be created without balancing both requirements.
(Case 1) A world in which individuals are completely free to do with their wealth as they will (so, no taxes, regulations, etc).
(Case 2) A world in which individuals are absolutely prohibited from wealth transfer. At the time of their death, all individual assets / privileges are seized, then redistributed evenly to the next generation.
Select a random individual from a new generation in each case.
Would you disagree that they have different effective individual liberty? That is, the options available to them to pursue in life?
Essentially, I see effective liberty as the product of rights and means to exercise those rights. And I believe the greatest individual liberty cannot be created without balancing both requirements.