The nation of Lugash has commissioned a panel of economists to recommend possible remedies for growing wealth inequality. The panel's suggestions are listed. Decide whether each policy is best described as redistributive, opportunity‑based, or inheritance‑based. Institute a graduated income tax system. People with higher incomes will pay a relatively large percentage of their income in taxes and people with lower incomes will actually receive a tax refund:__________ Supply extra funding to low‑performing and low‑income public elementary schools to provide students at these schools more academic enrichment programs:_ Offer low‑interest student loans to students attending public universities as an incentive to increase enrollment: Provide job training and vocational education programs for students in public high schools: Create a tax of 30% on an individual's net wealth that must be paid when they die. The remainder of their wealth can then be given to any surviving heirs:_ Create a national healthcare system. Every employed citizen is required to pay a health tax that is used to provide healthcare for low‑income individuals:________ Inheritance-based Opportunity-based Redistributive

Economics (MindTap Course List)

13th Edition

ISBN:9781337617383

Author:Roger A. Arnold

Publisher:Roger A. Arnold

Chapter11: Fiscal Policy And The Federal Budget

Section: Chapter Questions

Problem 5WNG

See similar textbooks

Related questions

Question

The nation of Lugash has commissioned a panel of economists to recommend possible remedies for growing wealth inequality. The panel's suggestions are listed. Decide whether each policy is best described as redistributive, opportunity‑based, or inheritance‑based.

Institute a graduated income tax system. People with higher incomes will pay a relatively large percentage of their income in taxes and people with

lower incomes will actually receive a tax refund:____________________

Supply extra funding to low‑performing and low‑income public elementary schools to provide students at these schools more academic enrichment programs:_____________________

Offer low‑interest student loans to students attending public universities as an incentive to increase enrollment:____________________

Provide job training and vocational education programs for students in public high schools:____________________

Create a tax of 30% on an individual's net wealth that must be paid when they die. The remainder of their wealth can then be given to any surviving heirs:_____________________

Create a national healthcare system. Every employed citizen is required to pay a health tax that is used to provide healthcare for low‑income individuals:__________________

Inheritance-based
Opportunity-based
Redistributive

Expert Solution

Trending now

This is a popular solution!

Step by step

Solved in 2 steps

SEE SOLUTION Check out a sample Q&A here

Knowledge Booster

Learn more about

Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, economics and related others by exploring similar questions and additional content below.

Similar questions