Redistribution of Income Flashcards
1
Q
income inequality
A
people who have different opportunities lead to different levels of income
2
Q
absolutely poverty
A
people can’t afford basic needs
3
Q
relative poverty
A
people with an income under the average income in the region
4
Q
ethical reason
A
people believe that helping people afford basic needs is a moral duty
5
Q
raise living standards
A
getting people out of poverty will raise the living standards all over the world
lower crime rates
6
Q
progressive taxation
A
burden of tax is put on the rich
7
Q
regressive taxation
A
burden of tax placed on the poor
8
Q
benefit payments
A
welfare system for those struggling
direct payments
9
Q
investment in education
A
people are more employable if they are well educated
10
Q
investment in healthcare
A
reduce child mortality rates, increase life expectancy
