1. A number of politicians (for example, Vermont Senator Bernie Sanders and New York Congresswoman Alexandria Ocasio-Cortez, known informally as AOC) have been increasingly outspoken about what they perceive to be a dangerously unequal distribution of income. Representative Ocasio-Cortez was challenged on Twitter to identify her ideal distribution of income: "What, precisely, is the correct level of income inequality for you, @AOC? Is there a distribution you are shooting for? Should everyone be equal?" For the record, Representative Ocasio-Cortez' answer to this question was "Somewhere between 'teachers shouldn't have to sell their own blood to make rent' & 'billionaires with helipads and full-time workers on food stamps shouldn't exist in the same society'.

a. What do you think is the correct level of income inequality? Should there be no income inequality (that is, everyone has the same income)? If not, then how much income inequality should we have? Justify your answer.

2. Suppose that, regardless of your answers to Question 2, society decides that the growing inequality in the distribution of income is A Bad Thing. Sketch out a plan for making the distribution more equal. Be sure to explain how your ideas would lead to a more-equal distribution of income and describe any trade-offs that your plan would require.

References:

file:///Users/christyna/Desktop/Distribution.pdf

https://twitter.com/AOC