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From a collectivist perspective, ALL wealth is a product of the legal, economic, and social resources produced by the collective. Hence, the "individual" owes the collective for becoming 'wealthy'. Following this 'social products' theory, tax rates that would be deemed confiscatory in 1980s Reagan era USA would be perfectly fine since "individual" wealth is just going back to its collectivist source.
It sounds good and everything but does it comport to how human individuals deal with incentives (or disincentives)?
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