, whereas the conventional 100 % tax view holds under the standard utilitarian social welfare criterion, it does not hold under … the ex post egalitarian criterion, which assigns a strong weight to the welfare of unlucky short-lived individuals. From …

postulated social welfare criterion. We first characterize optimal lockdown under utilitarianism, and we show that this social … further reduces average utility, but leads to a larger aggregate welfare. The optimal lockdown under utilitarianism is also …

induce political support for high tax rates and generous welfare states. Traditional wisdom is that such policies harm the … economy, but there is not much evidence that countries with a large welfare state and substantial redistribution have worse … economic performance and welfare. One important reason is that governments have been careful to invoke the principles of …