Martin Sandbu’s books review “Calling time on the super-rich” (Life & Arts, February 10) omitted to mention the one argument that will always demolish the asinine notion of wealth limitation and render the concept useful only for late night debate among tipsy first-year politics students.
The singular point is that limiting wealth creation in turn eliminates the reward for risk-taking, which is the bedrock of economic activity. The authors — surprisingly afforded a generous full page here — join with myriad other socialist experiments and faithfully believe that the economic pie can just be sliced and diced with impunity. Of course this is a fiction, one that Javier Milei, for example, is desperately trying to remind the population in Argentina. Wealth creation, with all its warts and faults, is the only prescription that ensures there is any pie to eat at all.
Evan Hoff
London NW11, UK
