The polite (economists’) term for theft is wealth redistribution. Economists (apart from the Rothbard school) leave out the adjectives: coercive, aggressive, violent, forceful, involuntary. Much of U.S. politics is coercive wealth redistribution. Much of politics is theft. As such, it is not above being called criminal. In the past two years, theft through politics for bailouts has risen to a minimum of $13 trillion in the U.S. This does not include the Obama spending bill ($700 billion). By comparison, the largest estimate of private crime I have found is $1.7 trillion annually (double earlier estimates.) The bailouts are forcible wealth … Continue reading Politics Is Theft