Breyer, Friedrich; Ursprung, Heinrich - In: Public Choice 94 (1998) 1, pp. 135-156
Why is it that, in democracies, the poor do not expropriate the rich even though they outnumber them? In this paper we analyze the commonly held belief that the rich escape expropriation because they are economically powerful. We demonstrate that the economically powerful, i.e. the above-average...