Question
******Answer the following two questions related to the topic of inequality and redistribution: A.) There are two different approaches to economic policies that help the
******Answer the following two questions related to the topic of inequality and redistribution:
A.) There are two different approaches to economic policies that help the poor. One of them is called "social insurance", and the other is called "redistribution". Often the two approaches will result in very similar policies, but their actual motivations are different. Explain the difference between social insurance and redistribution.
B.) Strong economic arguments can be made both for and against redistribution. Explain the economic argument AGAINST redistribution, also known as the "leaky bucket" argument. Make sure you're actually explaining an economic argument and not some popular argument you heard elsewhere.
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