4 A growing portion of public sector activity involves income redistribution. Economic analysis indicates two potential sources
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4 A growing portion of public sector activity involves income redistribution. Economic analysis indicates two potential sources of pressure for income redistribution:
(a) the public-good nature of antipoverty efforts and
(b) self-interest. From the viewpoint of a vote-maximizing entrepreneur, there is incentive to support redistribution from unorganized to well-organized groups. Considerable income redistribution in the United States is of this type.
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Related Book For
Essentials Of Economics
ISBN: 396414
2nd Edition
Authors: James D Gwartney; Richard Stroup; J R Clark
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