Separately, I’m not entirely convinced by that second bullet point—it seems like a non-omniscient state planner in a non-stationary environment would benefit from being able to determine the desired level of redistribution after the wealthy have accrued their income as wealth, rather than needing to get it right as they earned it.
(I’m assuming away the confiscatory impulse here, naturally; in practice, the political economy of confiscation causes serious issues for deferred decisions about distribution like this.)
Ah, that makes sense.
Separately, I’m not entirely convinced by that second bullet point—it seems like a non-omniscient state planner in a non-stationary environment would benefit from being able to determine the desired level of redistribution after the wealthy have accrued their income as wealth, rather than needing to get it right as they earned it.
(I’m assuming away the confiscatory impulse here, naturally; in practice, the political economy of confiscation causes serious issues for deferred decisions about distribution like this.)