FROM ISSUE NUMBER 141 - FALL 2000 GO TO TABLE OF CONTENTS
Death, wealth, and taxes
WHILE there are many economists and philosophers who have defended the right to become wealthy, few have defended wealth per se. But in fact, the simple existence of wealth is economically of great importance, quite apart from the familiar need for society to accumulate capital for investment. Wealth and the inequality it breeds are actually central to the functioning of our entire economic system.
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