Don’t the Rich Deserve to Keep Their Money?
Wealth is socially created — redistribution just allows more people to enjoy the fruits of their labor.

President Ronald Reagan addresses the nation from the Oval Office on tax legislation in July 1981. (White House Photo Office / Wikimedia Commons)
Tech tycoons, beloved entertainers, and dazzling athletes nearly always come up in heated debates over taxes. Don’t you like your iPod? What about Harry Potter? Neoliberal economists argue that figures like Steve Jobs, J. K. Rowling, and LeBron James should make more money than the rest of us.
After all, we — the consumers — are the ones buying their products. Their higher pay creates the incentive necessary for the hard work and innovation that even the lazy among us benefit from.
Intuitive as it may seem, this view doesn’t hold up. Advocates for low taxes on the wealthy deliberately choose examples from tech and entertainment, suggesting that the elite are great innovators truly cut from a different cloth.