Importance of Income Redistribution Research Paper
hello,
follow the instructions please, due date no more than 10 days at 12pm.
Assignment is going to pass Safe Assignment Check. NO COPY/ NO Plagiarism
1) Create a Thread to enter your initial post on the topic researched. Your post should include a list of (use separate paragraphs or bullet points):
a) a minimum of two pros, or good points about the topic,
b) a minimum of two cons, or bad points about the topic, and
c) your opinion on the topic, stating the reasons you consider the topic a good or bad idea.
The professor recommend to APPLY all those:
What Makes A Good Discussion Post?
• Substantial--thoughtful, original, relevant and contributes to the overall learning of the group (here are some tips on Giving and Receiving Feedback)
• Thought-provoking--stimulates thinking and reasoning
• Timely--post early to give your peers time to respond, this contributes to a rich discussion
• Logical, concise, and grammatical
Income Redistribution
Name
Institutional Affiliation
Introduction
Income redistribution from the rich to the poor has been a major initiative by the U.S government to help bridge the gap between the rich and the poor. This gap has resulted in the cases of inequality and poverty seen in different parts of the country (Cooper, Lutz, & Palumbo, 2015). The government has therefore attempted to bridge this gap by applying different methods. One of the methods implemented is to equalize income and wealth in that the same proportion that the rich receive their income is the same proportion to some extent that the poor should receive their income. Humanitarians all over the world have constantly touched the issue of fairness among human beings due to the discrimination that has happened in the past.
Importance of Income Redistribution
One way I which the United States has addressed this issue is by taxing the affluent and using the aggregated amount of money collected to fund state programs that take care of the welfare of those that are disadvantaged. Programs such as feeding programs for the homeless, road repairs, social security benefits, minimum wage, subsidies for education programs, Medicare and unemployment benefits are all funded through the taxes that the affiliate people of the country contribute to the national revenue. The aggregate amount of money contributed consists of trillions of dollars (Bania, Gray, & Stone, 2007).
Pros
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