It is clear that our system of allocation of resources is efficient yet not “equitable” or “fair.” From our textbook and the study/review of the above
statement you have seen that governments have a political and economic role and among those issues addressed by government is income
inequality. There are widely differing opinions as to the causes of inequality and even more opinions on how to address the issue. Should our tax
system be changed? Why or Why not? To what extent do you think that income inequality is the result of choices made by individuals? Should they
and only they be held responsible for their situation and their choices? Is it fair that a person who earns 45 million dollars (from capital investment)
a year only pay 15% of his earning as tax while a librarian who earns 36,000 dollars a year pay 13% of her earning as tax? Should our government
do more or less regarding the income inequality in the US? Why or Why not?
Debate your position on these issues. You are more than welcome to add many other aspects, data, facts, and analysis to the discussion.
Sample Solution