In: Economics
Are you concerned about inequality in Australia as an ethical issue? Refer to Wight’s taxonomy in your answer. Using internet research or otherwise, do you think inflation causes inequality? Do you think the ownership of assets causes inequality? Are you in favour of an inheritance tax to alter inequality?
- yes inequality in the Australia is an ethical issue because of
the following reasons:
The population is not systematically arranged according to the
prescribed data.
The population need a view to differentiate among the
gradings.
The main base of inequality in outside people and inside citizens
of the country.
Wight’s taxonomy is based on the differentiation of the natural
occurrence and the occurrence due to the values of the pre decided
data analysis.
Yes I am in a view that inflation causes the inequality and this
statement is supported by the following points:
Accumulation of assets in few hand means the concentration of
wealth in few hands which increases the prices of the
commodities.
Ownership also decided the occurrence of job to particular sector
which again causes the inflation.
The production of goods also in a few hands and the types of goods
also based on the certain criteria which again causes the rise in
price of the commodities.
Yes I am in a favour of an inheritance tax to alter inequality
because it reduces the concentration of wealth in few hands.