1. In what primary way is the current Distribution of Income a BENEFIT to our economy and to our society ? Why do you think so?
2. In what primary way is the current Distribution of Income a COST to our economy and to our society ? Why do you think so?
3. Should the Federal Government make a CHOICE to try to influence the Distribution of Income through tax policy and social programs? Should the goal be: a) an exactly equal distribution, b) a somewhat more (or less) equal distribution, c) a slightly more (or less) equal distribution ... or d) the government should not try to influence the distribution at all?
4.In your view, what is the primary UNCERTAINTY and the primary RISK of a Federal Government choice to try (or not to try) to influence the present Distribution of Income?
5.What is your interpretation of Figure 4.6 on Page 77 of our textbook and how would you change those figures if you had the power to do so? What would be the Benefit, the Cost, the primary Uncertainty and the primary Risk of the changes that you would make?