One Problem with Ayn Rand's Ethical Egoism Is That It

question 31

Multiple Choice

One problem with Ayn Rand's ethical egoism is that it assumes

• A) one can act in one's self-interest.
• B) one ought to act in one's own self-interest.
• C) if an act is for the benefit of others,then it cannot be to one's own benefit as well.
• D) if an act is for the benefit of others,then it can be to one's own benefit as well.

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Definitions:

Progressive Taxes

Taxation that takes a larger percentage of income from high-income earners than from low-income earners, aimed at reducing income inequality.

Ability-To-Pay Principle

The concept that taxes should be levied according to an individual's or entity's ability to bear them, typically resulting in higher earners paying more taxes.

Lump-Sum Taxes

Taxes that are a fixed amount, not dependent on the taxpayer's income or activities, thus they do not distort economic decisions.

Economic Efficiency

A condition where every resource is optimally allocated to serve each individual or entity in the best way while minimizing waste and inefficiency.