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Capitalism: Consequentialism versus Rights

In: Free Money for All

Author

Listed:
  • Mark Walker

Abstract

In this chapter, we will be exploring consequentialism as a means to defend BIG. Consequentialism says that the correct scheme for property distribution is the one that maximizes the social good. Since taxes tend to promote the social good, taxes are justified. Individual ownership of property must be tempered in service of the overall good of society. Some proponents of rights-based political theory reject the idea that property rights might be limited to the service of overall social good. That is, they reject consequentialism as a basis for forming sound public policy. We will examine the rejection of consequentialism in this chapter. In particular, our concern is whether the idea of property rights can be used to defend the claim of capitalists that taxes are theft. We will look first at the rallying cry that taxes are theft.

Suggested Citation

  • Mark Walker, 2016. "Capitalism: Consequentialism versus Rights," Exploring the Basic Income Guarantee, in: Free Money for All, chapter 0, pages 67-92, Palgrave Macmillan.
  • Handle: RePEc:pal:etbchp:978-1-137-47133-8_4
    DOI: 10.1057/9781137471338_4
    as

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