Redistribution of income occurs through the federal income tax and government antipoverty programs. Explain whether or...

Redistribution of income occurs through the federal income tax and government antipoverty programs. Explain whether or not this level of redistribution is appropriate and whether more redistribution should occur.

Expert Solution

Rahul Sunny answered 2 years ago

An antipoverty program was initially started by the federal government with the aim of providing monthly...

An antipoverty program was initially started by the federal government with the aim of providing monthly cash support to the poor for at least five years. The government has recently reformed the program by limiting the cash support to two years for most of the recipients. Do you think the reforms have any effect on incentives for working? Explain. b. Analyze how this change effect the trade-off between equality and efficiency

Assume the federal government replaces the federal income tax with a sales tax placed on consumption...

Assume the federal government replaces the federal income tax with a sales tax placed on consumption expenditures. Analyze the impact of this tax change on taxation efficiency and equity.

Advocates of antipoverty programs claim that a. the government has good information about what people are...

Advocates of antipoverty programs claim that a. the government has good information about what people are willing to pay to eliminate poverty. b. fighting poverty is a public good. c. private sector will incur higher costs than the public sector for these programs. d. All of the above are correct. The U.S. government protects fish, a common resource, by a. subsidizing the fishing industry. b. heavily taxing competing industries. c. selling fishing licenses and regulating fish lengths. d. None of...

Assume the federal government replaces the federal income tax with national sales tax on all consumption...

Assume the federal government replaces the federal income tax with national sales tax on all consumption expenditures. Analyze the impact of this tax change on taxation efficiency and equity. Note that the federal government already collects a nationwide consumption tax through excise taxes on gasoline, liquor, and tobacco.

One important task for the government is to redistribute income. Explain, why (some) redistribution could be...

One important task for the government is to redistribute income. Explain, why (some) redistribution could be a good idea, and why (too much) redistribution could be a bad idea. Remember to contextualize, define, exemplify, and illustrate relevant concepts – if you wish, you can include data for any country to support your analyses.

Social insurance: 1. is the basis for most government redistribution programs 2. is usually community-rated with...

Social insurance: 1. is the basis for most government redistribution programs 2. is usually community-rated with premiums based on ability to pay 3. is the basis of the provision of medical care to the poor, elderly, and other vulnerable population groups in the U.S. 4. requires mandatory participation to be effective 5. all of the above

Redistribution of wealth, through tax and spending policies that aim to reduce economic inequalities. : True...

Redistribution of wealth, through tax and spending policies that aim to reduce economic inequalities. : True False

In what sense does repayment of the federal debt constitute a redistribution of income among citizens?...

In what sense does repayment of the federal debt constitute a redistribution of income among citizens? How can deficit finance influence political equilibrium? Has deficit finance been associated with increased federal investment in the U.S.?

Explain how increased redistribution through progressive taxation and income transfers might affect economic growth. What kinds...

Explain how increased redistribution through progressive taxation and income transfers might affect economic growth. What kinds of changes in taxes and transfers could promote economic growth, if any? Are there ways to increase economic opportunity that would promote growth and decrease inequality?

QUESTION 11 Which of the following programs is paid for partly by the federal government and...

QUESTION 11 Which of the following programs is paid for partly by the federal government and partly by the states? Social security Medicaid Medicare All of the above

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