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Why should there be wealth distribution or redistribution?
A recent TED talk by Ms. C. Freeland discusses wealth inequality. It seems, she is against it. I don't quite understand her concerns. If people acquire wealth....legally, people got wealthy legally. A newly elected senator from Massechuses laments how American bankers have gotten wealthy and the American middle class is falling behind. Americans should do spmething about that. Again, if people acquire wealth...legally, people got wealthy legally. I think what I am hearing is that wealth should be redistributed from the wealthy to the... not so wealthy. That seems to be the new chorus being sung.
I am at a loss as to why. Why would some seemingly considerate people talk about taking property of one person to give to another. Let's go past any moral issues or legal ones.... how would it be done? Well, that isn't clear to me. It seems to be said it should be done. Now, if a wealthy person wanted to redistribute his wealth... OK, it is his wealth. But, what if the wealth person wants to keep it all. OK, it is his wealth.
Could someone explain why legally acquired wealth should be redistributed by anyone other then the owner of the wealth?
Of course governments take wealth from people in the form of taxes supposedly to provide the services deemed to be provided by the government. Sometimes, governments have used tax money to provide wealth to some of it's citizens the government has determined needs this wealth. Is it any more moral or legal for the government to take wealth and redistribute it? By passing laws to legalize the redistribution of wealth, could it be inferred that elected officials are currying favor and subsequent votes by redistributing wealth? Are elected officials above such actions? Many questions, so few answers