Though even if I did define it in strictly economic terms, I’m not sure any policy or redistribution could “make everyone worse off”, since a large portion of the world has zero wealth.
In economic terms, with wealth defined more or less as “stuff people want,” I find it hard to see how that could be the case, since it should follow that there’s nothing that you could take away from them which would leave them worse off. Do you think that’s accurate?
In economic terms, with wealth defined more or less as “stuff people want,” I find it hard to see how that could be the case, since it should follow that there’s nothing that you could take away from them which would leave them worse off. Do you think that’s accurate?