Capitalism: Consequentialism versus Rights

Mark Walker

Chapter Chapter 4 in Free Money for All, 2016, pp 67-92 from Palgrave Macmillan

Abstract: Abstract In this chapter, we will be exploring consequentialism as a means to defend BIG. Consequentialism says that the correct scheme for property distribution is the one that maximizes the social good. Since taxes tend to promote the social good, taxes are justified. Individual ownership of property must be tempered in service of the overall good of society. Some proponents of rights-based political theory reject the idea that property rights might be limited to the service of overall social good. That is, they reject consequentialism as a basis for forming sound public policy. We will examine the rejection of consequentialism in this chapter. In particular, our concern is whether the idea of property rights can be used to defend the claim of capitalists that taxes are theft. We will look first at the rallying cry that taxes are theft.

Keywords: Competitive Market; Social Good; Natural Monopoly; Predatory Price; Water Hole (search for similar items in EconPapers)
Date: 2016
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:pal:etbchp:978-1-137-47133-8_4

Ordering information: This item can be ordered from
http://www.palgrave.com/9781137471338

DOI: 10.1057/9781137471338_4

Access Statistics for this chapter

More chapters in Exploring the Basic Income Guarantee from Palgrave Macmillan
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().