Thrift vs. Paternalism
In this essay, I argue that
For those of us who value self-reliance and thrift, the economic trends suggest a need to increase saving and to invest heavily in human capital. For those who value paternalism and redistribution, those trends provide an excuse to “help” more people in more ways. This tends to exacerbate the conflict of values, because ultimately the redistribution policies require heavy taxes on those of us who save and try to educate ourselves.
For Discussion. Is this a real conflict in values? If so, what is the best approach for dealing with it?