Justice_ What's the Right Thing to Do_ - Michael Sandel [27]
His admirers have obliged. Bentham’s “auto icon,” as he dubbed it, was on hand for the founding of the International Bentham Society in the 1980s. And the stuffed Bentham is reportedly wheeled in for meetings of the governing council of the college, whose minutes record him as “present but not voting.”32
Despite Bentham’s careful planning, the embalming of his head went badly, so he now keeps his vigil with a wax head in place of the real one. His actual head, now kept in a cellar, was displayed for a time on a plate between his feet. But students stole the head and ransomed it back to the college for a charitable donation.33
Even in death, Jeremy Bentham promotes the greatest good for the greatest number.
3. DO WE OWN OURSELVES? / LIBERTARIANISM
Each fall, Forbes magazine publishes a list of the four hundred richest Americans. For over a decade, Microsoft founder Bill Gates III has topped the list, as he did in 2008, when Forbes estimated his net worth at $57 billion. Other members of the club include investor Warren Buffett (ranked 2nd, with $50 billion), the owners of Wal-Mart, the founders of Google and Amazon, assorted oilmen, hedge fund managers, media moguls, and real-estate tycoons, television talk show host Oprah Winfrey (in 155th place, with $2.7 billion), and New York Yankees owner George Steinbrenner (tied for last place, with $1.3 billion).1
So vast is the wealth at the top of the American economy, even in a weakened state, that being a mere billionaire is barely enough to gain admission to the Forbes 400. In fact, the richest 1 percent of Americans possess over a third of the country’s wealth, more than the combined wealth of the bottom 90 percent of American families. The top 10 percent of American households take in 42 percent of all income and hold 71 percent of all wealth.2
Economic inequality is steeper in the United States than in other democracies. Some people think that such inequality is unjust, and favor taxing the rich to help the poor. Others disagree. They say there is nothing unfair about economic inequality, provided it arises without force or fraud, through the choices people make in a market economy.
Who is right? If you think justice means maximizing happiness, you might favor wealth redistribution, on the following grounds: Suppose we take $1 million from Bill Gates and disperse it among a hundred needy recipients, giving each of them $10,000. Overall happiness would likely increase. Gates would scarcely miss the money, while each of the recipients would derive great happiness from the $10,000 windfall. Their collective utility would go up more than his would go down.
This utilitarian logic could be extended to support quite a radical redistribution of wealth; it would tell us to transfer money from the rich to the poor until the last dollar we take from Gates hurts him as much as it helps the recipient.
This Robin Hood scenario is open to at least two objections—one from within utilitarian thinking, the other from outside it. The first objection worries that high tax rates, especially on income, reduce the incentive to work and invest, leading to a decline in productivity. If the economic pie shrinks, leaving less to redistribute, the overall level of utility might go down. So before taxing Bill Gates and Oprah Winfrey too heavily, the utilitarian would have to ask whether doing so would lead them to work less and so to earn less, eventually reducing the amount of money available for redistribution to the needy.
The second objection regards these calculations as beside the point. It argues that taxing the rich to help the poor is unjust because it violates a fundamental right. According to this objection, taking money from Gates and Winfrey without their consent, even for a good cause, is coercive. It violates their liberty to do with their money whatever they please. Those who object to redistribution on these grounds are often called “libertarians.”
Libertarians favor unfettered markets and oppose government