Hypothetical Theory of Economics:

1) If the Median Voter Theorem was the correct view of government, then what would this suggest about the types of redistribution that would be observed? How does the suggestion compare with the type of distribution that would take place under the Median Dollar Theorem? (Hint: Think about types of taxes and who would get stuff in each system.) Are either of these theories consistent with government using their coercive powers to force redistribution?

2)If the government implemented a version of Universal Basic Income (UBI) for all, would it be a social insurance program? Explain why or why not. What sort of advantages would UBI have relative to a general employment insurance scheme (i.e. if you have worked a sufficient number of hours, then the government provides you with a proportion of your previous wage up to some max value)? What sort of disadvantages would exist from the government adopting UBI?