Question: What does a welfare and progressive tax system do to the effects of luck and distribution of disposable income and happiness ? Explain

What does a welfare and progressive tax system do to the effects of luck and distribution of disposable income and happiness ?

Explain the potential positive and negative effects of a welfare system on capital and effort .

Explain the potential positive and negative effects of a progressive tax system on capital and effort .

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Answer A welfare system aims to mitigate the effects of luck by providing assistance to those in nee... View full answer

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