UNFINISHED Th4.5: Reducing Poverty and Inequality

Question 1

Free market forces are unlikely to create an…

Answer 1

equal society leading to absolute or relative poverty and inequality

Question 2

What do most agree about redistribution?

Answer 2

the some redistribution from rich to poor is necessary but the degree to which it is done is contentious

Question 3

What do those on the right argue?

Answer 3

that high incomes and profit are essential to provide an incentive

Question 4

What do those on the left argue?

Answer 4

those on low incomes need to be supported

Question 5

What can the government use first?

Answer 5

a progressive tax system, which would produce a more equal distribution of income after tax

Question 6

What does inheritance tax mean?

Answer 6

that wealth inequality will be reduced as less money can be passed on to the next generation

Question 7

Tax in general means…

Answer 7

money can be taken from the rich and given to the poor - difficult to enforce however