Paul Graham has a nice essay about why it is wrong to simply “take from the rich and give to the poor”:

“decreasing economic inequality means decreasing the risk people are willing to take”

Very insightful and really worth reading, especially in the light of the upcoming elections here in Germany, where the so called ‘Umverteilung’ is popular among emerging left wing parties.

I wish only a little of Graham’s way of thinking would find it’s way to Germany…