Golden Rule: The Main Argument That Is Essay

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Golden Rule:

The main argument that is evident in Hayek's book on The Constitution of Liberty basically revolves around freedom and its value to a person, the society, and overall civilization. The possibility of progress in each of these areas is seemingly impossible because of lack of freedom of action in particular. Hayek uses liberty or freedom interchangeably to state that contemporary civilization is in crisis since the Western nations have lost faith in liberty principles. Generally, liberty basically requires that the compulsion of some by other people in the society to be lessened as much as possible. While one of the main functions of the government is to protect people from coercing others, the government must also be prevented from the use of coercion improperly.

In his early discussion about progressive taxation, Hayek states that the notion of interpersonal comparability of utilities has been primarily abandoned. However, many policymakers and ordinary individuals still think that rich people gain less utility than poor people from income gains of similar magnitude.

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Therefore, the main question is whether the Golden Rule should be abandoned because it enjoins people to consult their own preferences when doing unto others.

In answering the question, there are several aspects to consider as stated by the author in relation to individual responsibility and liberty. Since the human individual is the being that thinks, chooses, and acts, the concept of liberty effectively applies to such an individual. As a result, freedom must be described in light of individuals. Therefore, a free society cannot exist without free people since it requires the liberty of everyone.

The idea of progressive taxation focuses on redistributing wealth more effectively to an extent that the scope of redistribution could be very restricted. Consequently, redistribution through progressive taxation has developed to be nearly universally accepted as just. Regardless of whether the principle is combined with the welfare state or not, progressive taxation is currently the main means of redistributing incomes. As a result, it's the major source….....

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