The Transfer Society
Subtitle: Economic Expenditures on Transfer Activity
Edition: 1st edition
Publisher: Cato Institute; CATO
Published: November 15, 2001
Language: eng
Format: Paperback
Number of pages: 100
ISBN-13: 9781930865112
Subjects: Sociology; Rent; General; Social Science; Business / Economics / Finance; United States; Subsidies; Economics - General; Labor & Industrial Relations - General; Employee fringe benefits; Income distribution
Description: "How much time, money, and other resources do Americans devote to influencing the distribution of wealth? According to David Laband and George McClintock, a conservative estimate of the total amount Americans spend on arranging or preventing forced transfers is more than $2,000 for every man, woman, and child in America.".

"That's not a statement of the amount forcibly redistributed, but of the amount spent in effecting the forcible transfer of resources. And, as the authors show, this is a very conservative estimate of the deadweight losses associated with the transfer society.".

"Through an ambitious cataloguing of different categories of expenditures on forced transfers and research into the amounts expended on each one, Laband and McClintock present a more complete picture of the effects of forced transfers than one would get from merely considering the aggregates of federal and state budgets or estimates of the amounts of wealth that change hands through the various forms of "freelance" redistribution, such as insurance fraud, theft, or extortion.".

"This book both poses problems and offers solutions to important issues in economics and political science."--BOOK JACKET.