Determine the distribution of a given amount of income

Reference no: EM13205612

The basic economic argument for greater income equality is that: an equal distribution of income is the logical outcome of any tax-transfer program. because citizens enjoy political equality, they are also entitled to economic equality. a more equal distribution of income will tend to maximize incentives to work, invest, and assume risk. a more equal distribution of a given amount of income will increase the total utility of consumers.

Reference no: EM13205612

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