The recently discovered tape on which Barack Obama said back in 1998 that he believes in redistribution is not really news. He said the same thing to Joe the Plumber four years ago.
But the tape’s surfacing may serve a useful purpose if it gets people to thinking about the consequences of redistribution.
Those who talk glibly about redistribution often act as if people are just inert objects that can be placed here and there, like pieces on a chess board, to carry out some grand design.
But if human beings have their own responses to government policies, then we cannot blithely assume that government policies will have the effect intended. [Read more...]