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selection they will reside in a market financial system with personal ownership and that the insurance towards misfortune they are selecting shall be applied by basic taxation of earnings and wealth and a few form of redistribution, they will regard themselves as in impact gambling on their prospects. If they become winners out there economic system they’ll do better with a low tax fee for redistributive functions, and if they’re losers available in the market financial system they’ll do better with the next tax fee and extra redistribution. It is not clear why their preferences over this threat ought to fix what rely as truthful shares in the concept of distributive

 

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