Nozick Rejects the Notion of Distribution of Society's Benefits Based

question 9

True/False

Nozick rejects the notion of distribution of society's benefits based on equality or desert. He maintains that if we rightfully possess any goods (i.e., we obtained them legitimately), then we own them; they are not ours because we are entitled to equal shares of them or because we deserve them.
-Nozick says that in a "time-slice principle" of distribution, all that needs to be looked at, in judging the justice of a distribution, is who ends up with what.

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Definitions:

GIC

A Guaranteed Investment Certificate, particular to the Canadian market, ensures investors a promised rate of return within a set duration.

Semi-annual Interest

Interest that is calculated and paid twice a year on an investment or loan.

Invested

The deployment of funds with the intention of acquiring income or profit.

Regular-interest

Regular interest refers to the consistent periodic return earned on an investment or paid on a loan as determined by the interest rate.