Thursday, June 04, 2020

[zvemjuld] Slightly Robin Hood

Take from the rich and give to the slightly less rich.  The goal is to induce competition which will benefit everyone (including the poor).  The slightly less rich should take the money given to them and try to disrupt the monopolies that the rich had been profiting from.

There should be no economic profit if there is a perfect market, or, if there is profit, then there must be market failure, commonly some sort of monopoly or barrier to entry for competitors.  Give the slightly less rich a little bit of a push (that's all they need) to get over barriers to entry.

Another variation, seemingly anti-Robin Hood but seeking the same outcome as above, namely more competition: take from the poor and give to the same slightly less rich as above.  Society might already be doing this.

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