Fair inequalities cover training costs for developing

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Fair inequalities cover training costs for developing socially valuable skills and provide incentives to encourage people to use their resources and talents for the benefit of all. According to the difference principle, then, the reason for accepting inequalities is not to ensure that people receive what they deserve or to reward contributions or efforts, but to improve the circumstances of the least advantaged group (say, people in the bottom 20 percent of the income distribution).

Reference no: EM133733746

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