Microeconomics: Principles, Problems, & Policies, 20th Edition

Published by McGraw-Hill Education
ISBN 10: 0077660811
ISBN 13: 978-0-07766-081-9

Chapter 21 - Income Inequality, Poverty, and Discrimination - Discussion Questions - Page 486: 8

Answer

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Work Step by Step

This is one of the key debates in economics. On one hand, it seems to make some sense to distribute wealth because those who are very wealthy need the money less than those near the poverty line, but on the other hand, the more that a person is forced to earn their wealth, the more they will work for it, making the economy work better and thus helping the general public.
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