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One important task for the government is to redistribute income. Explain, why (some) redistribution could be...

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Economics

One important task for the government is to redistribute income.Explain, why (some) redistribution could be a good idea, and why(too much) redistribution could be a bad idea. Remember tocontextualize, define, exemplify, and illustrate relevant concepts– if you wish, you can include data for any country to support youranalyses.

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3.8 Ratings (651 Votes)
Income Redistribution is an economic practice which is aimed at leveling the distribution of wealth or income in a society through a direct or indirect transfer of income from the rich to the poor Governments adopt economic policies and strategies like progressive taxation to implement this phenomenon Advantages    See Answer
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