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Sunu Quaid’s new home does not contribute to her life-cycle wealth

   Sunu Quaid’s new home does not contribute to her life-cycle wealth.

 

33.              Private property was argued to be inappropriate by Marxists due to its distribution from
                            those “who have” to those “who will have” in a fashion creating a class to itself.

34.              According to A.P. Lerner, splitting income equally among individuals was most
                            appropriate for maximizing combined satisfaction.

35.              Negative income taxes have been a feature of our tax system since President Lyndon
                            Johnson’s “war on poverty” in the 1960s.

36.              A reverse tax, or negative income tax, is a way of creating a minimum income for all
                            households while retaining an incentive for people to work.

37.              Wealth and income are two different terms used to represent the same concept, household
                            well-being and, thus, may be used interchangeably.

38.              According to John Rawls, a “veil of ignorance” was needed for equitable decisions about
                            appropriate social rules and individual endowments, so no one would know their place in
                            society.

Dec 12 2019 View more View Less

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