Sunday, June 10, 2012

Making Sense of the Wealth Redistribution Debate


One’s view of the distribution of political power in this Country, at the local or national level, may depend upon how closely aligned he or she considers the political to the economical.  From a practical standpoint, one’s political power (autonomy and authority) decreases as the size of the political sphere increases; whereas, one’s economic power (self-sufficiency) increases as the size of the economic sphere increases. 

If one holds that the economical and political are interdependent, then it follows that a larger economic sphere requires a larger political sphere.  Under this view, self-sufficiency is a necessary component of political autonomy and authority. By this argument, the larger economic sphere increases each person’s self-sufficiency and, thereby, each person’s power and control over his or her personal affairs, which offsets the loss of power usually experienced by a person’s participation in a larger political sphere.

Contrarily, if one holds that the economical and political are independent with merely an incidental relationship (i.e. use of some judicial system to enforce and protect contracts or punish market defectors), then it is possible to argue that persons most benefit from a larger economic sphere and smaller political sphere. Under this view, self-sufficiency is not a necessary component of political autonomy and authority. Rather, the power and control that flows from economic self-sufficiency is separate and distinct from the power and control that flows from political autonomy and authority: the former is a matter of societal privilege; the latter is a matter of societal right.

The material difference between these two conceptions is that the first assumes that money is equal to political power; the second assumes that money is only incidental to political power.  Yet, even those who subscribe to the second view understand that self-sufficiency is tied, if only loosely, to one’s autonomy: one who is economically well off can devote more time to exerting his or her influence over the political sphere; whereas, one who is economically deficient must devote more time to labor or trade than to increasing or exercising a degree of political influence. It follows, then, that each person within a given political sphere must enjoy a minimal level of economic self-sufficiency to exercisein a meaningful way some level of political power.

I submit that our debate about economic inequality concerns not whether each person should enjoy a minimal level of economic self-sufficiency, but about how much that level should be.  In other words, we are not concerned with redistribution of wealth as such, but redistribution of wealth by how much.