Income distribution is a micro economics topic but it has macro economic impact and consequences.
IN YOUR GROUP YOU WILL DISCUSS :
the reasons why income is distributed unequally
what can be done to reduce the inequality or
what are the benefits of an unequal income distribution
The discussion will be based on the material in chapter 30 as well as your research and the articles that you will be linking for the benefit of your colleagues. You should pick one of the options above and present what you feel is the most important argument for this topic. You will read what your colleagues have posted to avoid repetition, so if what you wanted to discuss has already been posted, then you will need to move on to the next point you feel is very important. It is therefore to your benefit to post early and that will also allow you to engage your colleagues in a discussion of what you or they have posted.
Your post will be limited to 250 words, so make sure that you use your words wisely.
Please reply discussion below
Unequal income distribution in the U.S. is a big thing here. Most people affected by this are people that are low income or unemployed. But if we wanted to reduce inequality of income we would need to redistribute people with high income and to the people with low income. For example, people with higher income usually get money inherited and we need to start taxing the shares. We would need to take advantage of public policies. For example, we news to expand earned income tax so we can help children who are in poverty and parents (single or both) to be able to work. Instead of taxing more from the people who are low income, we should tax people who have a high income. To help low-income parents, we should subsidize child-care services so parents are able to work and look for jobs. Also, we use a lot of out of the country manufacturers due to price being lower but to make more jobs in the U.S. we need to start distributing from the U.S. only. For example, U.S. gets most of their products from China, companies pay a lower price to charge consumers higher. Only people making money are China and the businesses.
https://courses.lumenlearning.com/wmopen-microeconomics/chapter/government-policies-to-reduce-income-inequality/ (Links to an external site.)
https://www.cnbc.com/2019/06/19/5-ways-to-fight-wealth-inequality.html (Links to an external site.)