English Deutsch Français Italiano Español Português 繁體中文 Bahasa Indonesia Tiếng Việt ภาษาไทย
All categories

Market economies are often criticized for how the basic question, "for whom are goods and services produced?" This criticism usually comes from people who believe that the distribution of income is not fair. Is there some way to seperate production from distribution so that we can make the distibution of income more fair without interfering with production?

2006-10-30 04:39:31 · 3 answers · asked by Ballknock 1 in Social Science Economics

3 answers

If you believe in less liberty, more powerful government, and loss of private property rights, YES.

“I predict future happiness for Americans if they can prevent the government from wasting the labors of the people under the pretense of taking care of them.”
-Thomas Jefferson

.

2006-10-30 08:58:51 · answer #1 · answered by Zak 5 · 0 0

Yes, there is. It is called fiscal policy. Practically all governments engage in redistributing income through taxation and transfer payments. The most common forms of redistribution are national pension system for the elderly, public education, and public infrastructure (such as roads).

2006-10-30 13:09:17 · answer #2 · answered by NC 7 · 1 1

One way would be to limit inheritance so that production is rewarded during a person's lifetime and to some extent future generations (good educations, etc.), but not allow massive wealth to be sequestered in a family for generations.

Aloha

2006-10-30 13:14:16 · answer #3 · answered by Anonymous · 0 2

fedest.com, questions and answers