“Redistribution of income is not redistribution of human capital. On the contrary, such redistribution of income not only reduces the incentives, of lagging groups especially, to develop human capital, it can also reduce the incentives of more advanced groups to develop and apply their human capital to the fullest, when the rewards for doing so are reduced by confiscatory policies that transfer a substantial share of their rewards to others.” -
Thomas Sowell[Perverse incentives drive perverse outcomes.]
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