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Because the needs, other than medical, of the aged are typically not as great as those of younger individuals who have children to support, if
"Because the needs, other than medical, of the aged are typically not as great as those of younger individuals who have children to support, if the government provides free medical care to the aged, it should simultaneously subject the aged to higher income tax rates." Discuss the equity and efficiency consequences of doing this (consider alternative views of equity).
This is an assignment of Public Economics course .
Marks:100 points
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