Comments on: Redistributing Wealth http://www.citizeneconomists.com/blogs/2012/02/03/redistributing-wealth/ Citizen Economists is an online economics magazine written by citizen journalists. These ordinary citizens provide reports and commentary on the current events affecting the economics of the fields they work in. Mon, 10 Dec 2012 06:05:38 -0500 http://wordpress.org/?v=2.8.4 hourly 1 By: Dan Mclaughlin http://www.citizeneconomists.com/blogs/2012/02/03/redistributing-wealth/comment-page-1/#comment-644504 Dan Mclaughlin Sat, 04 Feb 2012 00:01:02 +0000 http://www.citizeneconomists.com/blogs/?p=10892#comment-644504 Actually, voluntary exchange is not a redistribution of wealth at all. It is a transaction where the wealth or potential wealth of one is traded for that of another. Both sides agree to the transaction because the expect to be better off. Redistribution is the involuntary transfer of the wealth of one person to another person without giving something worth at least as much to the victim of the forced exchange. People voluntary engage in charity because they expect to be better off in some way, even if only morally or emotionally. Actually, voluntary exchange is not a redistribution of wealth at all. It is a transaction where the wealth or potential wealth of one is traded for that of another. Both sides agree to the transaction because the expect to be better off. Redistribution is the involuntary transfer of the wealth of one person to another person without giving something worth at least as much to the victim of the forced exchange.

People voluntary engage in charity because they expect to be better off in some way, even if only morally or emotionally.

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