Roving bandit, stationary bandit, and income tax

Source: Independent Institute
by Robert Higgs

“When a mugger or a home invader accosts you, he points a gun at you or waves a knife in your face and demands your wallet or some other property. In most cases, if you surrender your property to him as he demands, he takes it and flees, and you will most likely never see him again. He is, in the classic phrase, the roving bandit. In contrast, the state is, in Mancur Olson’s classic term, the stationary bandit. It extorts your money constantly, ceaselessly, and no amount of plunder sates its appetite for what rightfully belongs to you. You are milked endlessly by people who have no rightful claim to loot you, but do have the power to take even more of your wealth in the form of interest or penalties or to place you in a steel cage if you make too much of a fuss about being looted. With income taxation, however, the matter is even more exasperating and outrageous.” (02/13/18)

http://blog.independent.org/2018/02/13/roving-bandit-stationary-bandit-and-income-tax/

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