Equity and Redistribution of Income and Wealth Flashcards
1
Q
Means-tested benefits
A
Benefits paid to those whose incomes fall below a certain level
2
Q
Poverty trap
A
Individuals/families are better off receiving means-tested benefits rather than working
3
Q
Universal benefits
A
Benefits available to all irrespective of income and wealth
4
Q
Universal basic income
A
Regular unconditional cash payments made by the government
5
Q
Negative income tax
A
Money paid out by the government to those earning below an agreed annual fixed benefit level
6
Q
A
7
Q
A
