A Major Problem with Using the Egalitarian Principle to Distribute

question 119

Multiple Choice

A major problem with using the egalitarian principle to distribute income is that

• A) it would eliminate the incentives that rewards provide in an economic system.
• B) it is difficult to know when an equal distribution of income has been achieved.
• C) it would not be fair to the wealthy.
• D) there exist no mechanisms to carry out such a scheme.

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Definitions:

Friedrich Engels

A German philosopher, social scientist, and journalist who co-developed Marxist theory with Karl Marx.

Wealth Concentration

The condition where a small proportion of a population holds a large percentage of the total wealth of a society, leading to economic inequality.

Marriage Rates

The frequency of marriages in a defined population over a specific period, often measured as the number of marriages per 1,000 inhabitants annually.

Post-World War II

A period following the end of the Second World War, characterized by political, social, and economic reconstruction, the beginning of the Cold War, and significant technological and cultural changes.