Discuss the equity and efficiency consequences


Problem

"Since the needs, other than medical, of the aged are typically not as great as those of younger individuals who have children to support, if the government provides free medical care to the aged, it should simultaneously subject the aged to higher income tax rates." Discuss the equity and efficiency consequences of doing this (consider alternative views of equity).

The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.

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Microeconomics: Discuss the equity and efficiency consequences
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