Wednesday, March 25, 2015

Justice and Inheritance

Contemporary Capitalists tend to be critical of the Marxist principle of Retributive Justice, "To each according to his needs", often vociferously on the grounds that it promotes laziness. Now, such Moralizing might overlook the other clause in Marx's formulation, "From each according to his abilities". Regardless, it is hypocritical insofar as it is not also directed at lottery and gambling winnings, at returns from investments, and, especially, at inheritance receipts. Indeed, the latter seem to violate the free enterprise thesis that income results from the Invisible Hand functioning as an agent of Retributive Justice, rewarding hard work.

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