
HARRY MARGULIES: Redistribution Does Not Create Wealth – Part I
Originally published in Swedish in Det Goda Samhället, Part I examines whether redistribution really creates wealth. Drawing on Sweden’s tax history and the analogy of the apple tree, Harry Margulies explores the difference between income and capital gains, and how poorly designed taxes can discourage productive investment and keep capital from moving to where it can be used most effectively.









