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Old 12-13-2004, 08:55 AM   #20 (permalink)
jimbob
Crazy
 
Location: Liverpool UK
Another way of looking at the economic left-right axis is that those on the right believe that whatever people get from their activities in the market economy is deserved whereas those on the left believe that people's contribution to society should play a part in the benefit they gain from that society.

So on the right you would have no problem with the salaries of executives rising from 30% to 300% of average salaries over the past few decades, as that is how the market reawrds them, whereas those on the left would question whether the contribution to society has increased and might raise the taxes on high earners, undoing the redistributive effects of market forces.

On the right you wouldn't have a problem with people having to work 2 jobs just to pay the rent but on the left you might rather have everyone who is willing to work be able to afford shelter, food and healthcare to reflect their contribution to the society as well as to the market economy.
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