NEGATIVE INCOME TAX

NEGATIVE INCOME TAX Whenever the government chooses a system to collect taxes, it affects the distribution of income. This is clearly true in the case of a progressive income tax, whereby high-income families pay a larger percentage of their income in taxes than do...

Hurricane Katrina and Its Aftermath

Hurricane Katrina and Its Aftermath Just as governments try to help the victims of poverty, they try to help the victims of natural disasters. When Hurricane Katrina devastated New Orleans and the surrounding areas, policymakers and economists started pondering the...

WELFARE

WELFARE One way to raise the living standards of the poor is for the government to supplement their incomes. The primary way the government does this \is through the welfare system. Welfare is a broad term that encompasses various government programs. Temporary...

MINIMUM WAGE LAWS

MINIMUM WAGE LAWS Laws setting a minimum wage that employers can pay workers are a perennial source of debate. Advocates view the minimum wages a way of helping the working poor without any cost to the government. Critics view it as hurting those it is intended to...

POLICIES TO REDUCE POVERTY

POLICIES TO REDUCE POVERTY As we have just seen, political philosophers hold various views about what role the government should take in altering the distribution of income. Political debate among the larger population of voters reflects a similar disagreement....