Bastiat’s Concept of Political Plunder

Frederic Bastiat, a French economist, defined political plunder as, “The involuntary transfer of wealth from the original owner to the new owner.” He said that the government, who is supposed to prevent this plunder, actually commits it: the government is “…a creature with two hands. One takes… the other gives.” We see this mainly in the form of taxes. This is what Bastiat called legalized plunder and a perversion of the law.

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