Economics

Taxing the Rich and Spreading the Wealth

A tale of two villages There was once a particularly industrious and skilful man in a coastal village near the mouth of a river. He caught more fish than he could eat, while his fellow villagers just barely managed to feed themselves. The problem was that without refrigeration his spare fish spoiled. He had an idea of giving his spare fish to some of his fellow villagers in return for them forgoing their own foraging for food and building him a bigger hut. When his bigger hut was built he had an even better idea. In return for his spare…

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