List four conditions you believe should hold before you would argue that two individuals should get the

Question:

List four conditions you believe should hold before you would argue that two individuals should get the same amount of income.

a. How would you apply the conditions to your views on welfare?

b. How would you apply the conditions to your views on how progressive the income tax should be?

c. If the income tax were made progressive in wage rates

(tax rates increase as wage rates increase) rather than progressive in income, would your conditions be better met? Why?

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question

Microeconomics

ISBN: 9781260507140

11th Edition

Authors: David Colander

Question Posted: