Which of the Programs Below Would Transfer Wealth from the Young

question 7

Multiple Choice

Which of the programs below would transfer wealth from the young to the old?

• A)Taxes are raised to provide better education.
• B)Taxes are raised to improve government infrastructure such as roads and bridges.
• C)Taxes are raised to provide more generous Social Security benefits.
• D)None of the above transfer wealth form the young to the old.

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Definitions:

Medicare

A federal health insurance program in the USA for people aged 65 or older, certain younger people with disabilities, and individuals with End-Stage Renal Disease.

Private Insurance

Insurance provided by private entities as opposed to government-run programs, offering protection against various risks like health issues, property damage, or liability in exchange for premiums.

Medical Treatment

Involves the management and care of a patient to combat disease, disorder, or injury.

Health Care Providers

Individuals or organizations that offer medical services, including doctors, nurses, clinics, and hospitals, to patients in need.