16 Jun WHAT IS GOVERNMENT’S ROLE IN THE OVERALL DISTRIBUTION OF INCOME AND WEALTH?
QUESTIONS: (discuss these fully)
1. What does “progressive taxation” mean? What is your opinion about the role of government regarding taxation? Should we worry about taxes that have a regressive effect on the taxpayer?
2. As a society, should we worry about the distribution or income or simply allow market forces to make that determination. What do you think would happen if there was no attempt to influence the distribution of income and wealth…would the distribution: stay the same…become less concentrated…become more concentrated in the hands of fewer people?
3. We hear many politicians suggesting that lowering taxes will always increase economic growth, create more jobs and ultimately mean more tax revenue. Is this true?
4. Does “trickle-down economics” really work? If we allow those at the top of the income ladder to make more and more, does that trickle down to those at lower income levels and increase the number of jobs?
5. Regarding the recent changes in tax law…what is your opinion. Will these changes be beneficial to the economy or a detriment? Does the new law still favor those at the top?
6. What is your opinion about the distribution of wealth—which is much more disparate than income. Should we be concerned that so few have an investment in the system?
7. What is government’s role in the overall distribution of income and wealth?
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