Difference between revisions of "Private Charity"
From Critiques Of Libertarianism
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Neo-classical economics even rejects private charity as a viable alternative, since it's subject to the free-rider problem. | Neo-classical economics even rejects private charity as a viable alternative, since it's subject to the free-rider problem. | ||
| − | The idea that an individual knows better what to do with his own money does NOT work for transfer payments, rich | + | The idea that an individual knows better what to do with his own money does NOT work for transfer payments, because rich individuals do not know as well what poor individuals may want or need. Indeed, the idea of diminishing marginal returns to an individual from spending money by that individual would argue that a poor person will spend the transferred money better than a rich person. |
See also: [[The Beneficence Of Plutocrats]] | See also: [[The Beneficence Of Plutocrats]] | ||
