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What is one way the government cannot influence income redistribution?
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∙ 10y ago
Open Market Policy
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∙ 10y ago
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What function did the government use a process such as income redistribution to assist the poor or handicapped?
In a socialist economic function, the government uses a process such as income redistribution to assist the poor or the handicapped.
What are the three objectives of income taxation?
The three objectives of income taxation are to raise revenue for the government, achieve income redistribution by taxing higher earners more heavily, and influence economic behavior by providing incentives for certain activities through tax credits or deductions.
In which economic function does government use a process such as income redistribution to assist the poor or handicapped?
equity
In this economic function the government uses a process such as income redistribution to assist the poor or handicapped.?
Equity
What is redistribution income?
Theft
Description of the equity function of government?
The equity function of government is concerned with the ability of all people to have their basic fundamental needs fulfilled. Programs to aid the poor and redistribute some of the wealth are the goals of a government that favors equity.
How is Social Security an example income redistribution?
Social Security is an example of income redistribution by taking a small amount of earned income and storing it over time.
How does business influence the government?
Business influences the government by providing its primary source of income. This is done by employing citizens who ultimately pay taxes on their income.
What does the government use income taxes for?
Since most government spending is funded by income tax (or by loans which are expected to be repaid eventually through income tax) the government uses income tax for pretty much everything the government does; in addition, we could observe that since this is a progressive tax (people with more income pay more tax) this is a form of redistribution of wealth (although of course, there are many tax loopholes so the scheme usually does not work exactly as advertised).
Which economic function does the government use a process such as income redistribution to assist poor or handicapped?
The government uses welfare programs and tax structures to redistribute wealth to assist the poor and handicapped. The government also invests money to subsidize education and amenities for the poor.
Which of these is the best description of the equity function of government?
The government attempts to correct market failures like monoplies
What is the redistribution of health?
I think you mean redistribution of wealth?Redistribution of wealth is the transfer of income, wealth or property from some individuals to others caused by a social mechanism such as taxation, monetary policies, welfare, nationalization, charity or tort law.[1] Most often it refers to progressive redistribution, from the rich to the poor, although it may also refer to regressive redistribution, from the poor to the rich.[2] The desirability and effects of redistribution are actively debated on ethical and economic grounds.-Wikipedia. :)Basically meaning, the more money you make, the more taxes you pay, because the government is distributing wealth.
