But independent of the morality of forcibly redistributing wealth, there are serious practical concerns to consider. By reducing the rewards of production and saving, coercive taxation discourages wealth creation, with the likely result that the poor will be made better off today but poorer in the long run. The machinery of government is not frictionless, either; a dollar paid in taxes will shrink considerably before it makes its way into the pockets of the poor. And a government with broad powers to tax and spend and regulate will inevitably use those powers to help its cronies maintain their unearned privileges.
So by all means, let’s help the poor become wealthier. But let’s do it by shrinking government, gutting crony capitalism, and releasing the forces of wealth creation.