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A comment on The Economic Consequences of Major Tax Cuts for the Rich [pdf]. Parent comment

Re:The Economic Consequences of Major Tax Cuts for the Rich ... by BobbyJo on Monday July 26, 2021 @05:15PM (#27965589)
It's not about punishing the foolish, it's about maximizing the utilization of societies resources. If you hand ten million dollars to a fool and he squanders it, he's not the only one that loses.

The best reason for a meritocracy isn't fairness or justice, it's the benefits it creates for everyone. When someone smart is given control over resources, they create more resources, for themselves and others.

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Re:The Economic Consequences of Major Tax Cuts for the Rich ... by sokoloff on Tuesday July 27, 2021 @02:21PM (#27975703)
When that someone smart creates more resources, isn't is likely that they're in a better than average position to plan for its distribution, specifically including placing those resources under the control of smart people to utilize them?

I trust the creator of wealth (small, medium, or great) to allocate it intelligently far more than I trust a bureaucracy to do so.

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Re:The Economic Consequences of Major Tax Cuts for the Rich ... by BobbyJo on Thursday July 29, 2021 @11:07AM (#27997414)
Hence the need for a meritocracy.
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