Tyler Cowen: “A sufficiently long time horizon will favor growth over redistribution even if we are counting only the interests of the very poor in the social welfare function. The benefits of radical redistribution are one-time in nature. We can try to equalize all wealth today, but we would not be able to draw on comparable resources for the next generation. Such a widespread collective redistribution would lead rapidly to negative economic growth. In contrast the benefits of economic growth will compound over time.”