Economics

posted by .

6. The chapter uses the analogy of a "leaky bucket" to explain one constraint on the redistribution of income.
a. What elements of the U.S. system for redistributing income create the leaks in the bucket? Be specific.
b. Do you think that Republicans or Democrats generally believe that the bucket used for redistributing income is leakier? How does that belief affect their views about the amount of income redistribution that the government should undertake?

7. Suppose there are two possible income distributions in a society of ten people. In the first distribution, nine people have incomes of $30,000 and one person has an income of $10,000. In the second distribution, all ten people have incomes of $25,000.
a. If the society had the first income distribution, what would be the utilitarian argument for redistributing income?
b. Which income distribution would Rawls consider more equitable? Explain.
c. Which income distribution would Nozick consider more equitable? Explain.

Take a shot. What do you think?

Respond to this Question

First Name
School Subject
Your Answer

Similar Questions

  1. Economics

    6. The chapter uses the analogy of a "leaky bucket" to explain one constraint on the redistribution of income. a. What elements of the U.S. system for redistributing income create the leaks in the bucket?
  2. math

    how do you measure and get 4 gallons of water only having an unmarked 5 gallon bucket and an unmarked 3 gallon bucket and a large container of water ok this is simple, u just have to think out of the bucket...heh.. so here goes fill …
  3. Math

    A bucket that weighs 3.2 pounds and a rope of negligible weight are used to draw water from a well that is 82 feet deep. The bucket is filled with 42 pounds of water and is pulled up at a rate of 2.3 feet per second, but water leaks …
  4. economics

    If the society had the first income distribution, what would be the utilitarian argument for redistribution income?
  5. math

    If you have a twelve gallon bucket, a seven gallon bucket, and a six gallon bucket, how can you get exactly nine gallons into one bucket
  6. physics

    A leaky bucket is being lifted 20 meters. It originally holds 10 kilograms of water, and at the end of its journey it holds 5 kilos. How much work does it take to lift the bucket?
  7. Calculus

    A bucket begins weighing 15 pounds, including the sand it holds. The bucket is to be lifted to the top of a 50 foot tall building by a rope of negligible weight. However, the bucket has a hole in it, and leaks 0.1 pounds of sand each …
  8. Math

    A bucket begins weighing 15 pounds, including the sand it holds. The bucket is to be lifted to the top of a 50 foot tall building by a rope of negligible weight. However, the bucket has a hole in it, and leaks 0.1 pounds of sand each …
  9. Calculus

    A bucket begins weighing 30 pounds, including the sand it holds. The bucket is to be lifted to the top of a 25 foot tall building by a rope of negligible weight. However, the bucket has a hole in it, and leaks 0.1 pounds of sand each …
  10. calculus

    A bucket that weighs 4 lb and a rope of negligible weight are used to draw water from a well that is 70 ft deep. The bucket is filled with 44 lb of water and is pulled up at a rate of 2 ft/s, but water leaks out of a hole in the bucket …

More Similar Questions