The forcible redistribution of economic resources — primarily by governments — causes harmful distortions in markets and the waste of precious resources.
We will discuss in detail the numerous ways in which the forcible redistribution of resources leads to economic blight, poverty, and a general lowering of the quality of life.
What we refer to as government “spending,” represents the most direct form of government intervention. Government takes resources by force and uses them for purposes determined by a political process rather than an economic process. Through the taxation and redistribution process, government promotes the most inefficient form of resource allocation.