B. ANTIPOVERTY POLICIES

All ‘societies take steps to provide for their poor citizens.But what is given to the poor must come from other gorps, and that is’ undoubtedly the major Point of resistance to re-distributive programs.In addition economists worry about the impact of...

Trends in Inequality

The history of inequality in the United’ States is shown in Figure 19-4 on p. 94. This shows the ratio of the incomes received by the top fifth of families to those received by the bottom fifth. we can see  three distinct periods: falling inequality until...

POVERTY IN AMERICA

Societies tend to define and concentrate on particular groups or problems. In the 19605, the United States declared “war on poverty” and launched ambitious health and nutrition programs to ‘eradicate economic privation. Before we can analyze...

Inheritance

What about inheritance? About nonstarter of the 100 wealthiest individuals in 1999 got there by in meriting wealth rather than creating it, but that number may understate the importance of inheritance in determining the distribution of:income. According to surveys,...

Entrepreneurship

Compared to thrift, entrepreneurship is a much! flora important road to riches. Table 19-3 displays the experience of the top 100 wealth holders in 1999.~ .These data suggest that most of the richest people .in America got that Wily by taking risks and creating...