The notion of "individual generosity" presupposes that each individual is morally entitled to dispose, as the individual sees fit, of the assets that the individual happens to control, whether in consequence of the individual's efforts, membership in the Lucky Sperm Club, a good divorce settlement, or whatever. As Elizabeth Warren said back in 2011, that disregards all the other factors that went into the individual's coming into control of those assets. [0]
It's reminiscent of what NY Times lead economic correspondent Binyamin Appelbaum said in The Economists' Hour about Milton Friedman, the famed free-market evangelist: Friedman celebrated drivers but took roads for granted.
It's reminiscent of what NY Times lead economic correspondent Binyamin Appelbaum said in The Economists' Hour about Milton Friedman, the famed free-market evangelist: Friedman celebrated drivers but took roads for granted.
[0] https://youtu.be/htX2usfqMEs?si=Sxx3ew7yhJ66ydU5&t=51