Discussion Post: Economics
• What has happened to the income share of the richest fifth of the U.S. population over the past 40 years?
• What groups in the U.S. population are most likely to live in poverty?
• When gauging the amount of inequality, why do transitory and life cycle variations in income cause difficulties?
• How would a utilitarian, a liberal, and a libertarian each determine how much income inequality is permissible?
• What are the pros and cons of in-kind (rather than cash) transfers to the poor?
• Describe how antipoverty programs can discourage the poor from working. How might you reduce this disincentive? What are the disadvantages of your proposed policy?
The response must include a reference list. Using Times New Roman 12 pnt font, double-space, one-inch margins, and APA style of writing and citations.