IF relative status depends on relative consumption, miner tax raise may apply to
ID: 1223801 • Letter: I
Question
IF relative status depends on relative consumption, miner tax raise may apply to all incomes would not change post tax income ratios and would not reduce the incentive to achieve higher relative status. L07 breakeven income level (377) Lorenz curve (365) Gina coefficient (366) negative income to (NIT)(377) What costs does greater concentration of income among top earners impose on middle-class families? LOI. L02 Why does John Rawls believe that policies to redistribute income would command support behind a veil of ignorance? LOS What is the breakeven level of before-tax earned income in a negative income lax program with a tax credit of S5000/year and a tax rate of 40 percent? How large a net benefit would be received by a person Name two self-interested reasons that a top aria tier might favor policies to redistribute income, L06 Why is exclusive reliance on the negative income tax unlikely to provide a complete solution to the pour: problem? LOS, L06, L07 chosen for a film contract that pays in accordance with the performer's acting ability. The only audition requirement is to be filmed working as an unpaid actor in a theatre in Montreal, which means beingExplanation / Answer
ans 2=The "veil of ignorance", in combination with the original position, is a way of ascertaining the morality of a particular issue based on an experiment: parties to the original position have no know-how about the abilities, tastes, and positions people will have within a social order. When these parties are choosing the principles for distribution of rights, positions, and resources in the society in which they will live, the veil of ignorance prevents them from knowing who will receive a given distribution of rights, positions, and resources in that society. For instance, for a certain society in which 50% of the people live in slavery, it follows that on entering the new society there is a 50% likelihood that the participant would be a slave. The concept is that parties due to the veil of ignorance will make choices based on moral considerations, as they are unable to make choices based on self- or class-interest