» I Voted for Barack Obama on Blueprint for Financial Prosperity
As for the big focus on “wealth redistribution?” We’ve been doing it for years, it’s called the progressive tax system. While it seems like you’re punishing success and being a bit socialist, the alternative is far worse. Imagine a nation where there is an upper class and a very large lower class with few economic opportunities, filled with anger, desperation, and despair, and with very few options. Not pretty huh? America is still the land of opportunity, even if success is taxed a little more.
The above quote is taken from a blog about personal finance that I enjoy following. Can you see the logical fallacy contained within? I’ll give you a minute…
.
.
.
Ok, time is up.
Apparently, the author is attempting to say “Don’t worry about income redistribution because it’s already being done.” This is a mashing up of several logical fallacies.
Let’s say that you are of the opinion that income redistribution of the type we already have (progressive tax system), is a good thing. It doesn’t automatically follow that another type, or more, or less is also a good thing.
0 Comments.