Freedom, Society, and State - Ludwig von Mises Institute

(40) See, for example, '''The Regulators,' They Cost
You $130 Billion a Year," U.5. News and World Report
(June,30, 1975), pp. 24-28.
(41)Edward Banfield, The Unheavenly City
Rev i sit e d (B 0 s ton : Lit tie, Brown and Co., 19 7 4 ), PP .
57-61.
(42)Charles Murray, Losing Ground, American
5 0 cia I Pol icy. 1 9 5 0- 19 80 (N ew Yo r k : Basic, 19 8 4 ), p.
155.
(43)Sowell, pp. 257-58 and 344.
(44)Daniel Patrick Moynihan, "Poverty in Cities,"
The Metropolitan Engima. (New York: Anchor, 1970)
ed., James Q. Wilson, p. 369.
( 45 ) I n Banfie I d, P • 129.
( 46 ) Pas 0 ur, " Econ om i c Jus tice ," p. 29 1 •
(47)Banfield, pp.128-29.
(48)See, for example, George Stigler, "Director's
Law of Public Income Distribution," Journal of Law and
Economics (April 1970), pp. 1-10. The same holds true
for programs like social security. First, since the
tax is regressive, the poor pay a higher percentage of
their earnings in social security taxes. Second, since
the poor usually do not go to college, they tend to ent
e r the w0 r k for ceea r lie r than middle and upper income
individuals. They therefore begin paying social security
taxes much earlier. And finally, statistics show
that the poor have a shorter life expectancy than other
economi c groups. The result is that the poor tend to
pay the most into social security and receive the
fewest benefits.
(49 )See, for example, Reo Chr istenson, Challenge
and Decis ion (New York: Harper and Row, 1976), pp.
79-86. Especially see p. 80: "about one-fourth of the
(Job Corps) recruits stayed less than a month. Less
than half stayed for six months, though strongly
encouraged to stay for nine months."
( 5 0 ) Wa 1 t e r Wi I I i am s , Yo u t hand Min0 r i t y Un employment
(Stanford: Hoover Institution Press, 1978).
(51)Murray, p. 9.
(52)See Yale Brazen, "Wage Rates, Minimum Wage
Laws, and Unemployment," The Libertarian Alternative
( Chi c ago : N e Iso n - Hal I, 1 9 7 4) ed ., T i b 0 r Ma c han, pp •
380-99; and Wal ter Block, Defending the Undefendable
( New Yo r k : FIee t Pres s, 19 7 6 ), pp. 2 32- 3 3 •
( 5 3 ) L u d wig von Mis e s, The Ant i - Ca pitali s t
Mentality (New York: Van Nostrand, 1956), pp.88-89.
(54)See Block, pp.154-70.
(55)Pasour, "Economic Justice," p. 297.
(56)See, for example, L. T. Sargent's TlNozick and
the Libertarian Tradition," Paper presented at the Mid-
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