2/ but it is sufficient to discredit the flaccid argument "if X does Y and it's good for X, then it's good". First we need to have a theory of property rights, and then see if Y is congruent with said rights.
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Crime, redistribution, and Communism were the 1970s problems. Today's problems involve over-regulation and taking from taxpayers, sending the cash for a wild night on the town, and giving it back to the same people.
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