On average, how would you think the typical person in the following socio-economic groups would view...

50.1K

Verified Solution

Question

Finance

On average, how would you think the typical person inthe following socio-economic groups would view an incomeredistribution scheme, and WHY?

A single mother-of-color with two teenage children
An unmarried computer engineer in San Francisco earning $100,000per year
An immigrant from abroad who has worked himself up form nothing toriches by starting a successful real estate company
A democratic congresswoman from the inner city
A republican senator from a rural state
A 31-year-old foreign exchange trader in an international bankearning $7,000,000 in commissions annually. (This actuallyoccurs!)***
A homeless person in San Francisco
Yourself

Answer & Explanation Solved by verified expert

4.1 Ratings (816 Votes)

Redistribution of income is the transfer of income from some individuals to others by means of a social mechanism such as taxation charity welfare public services monetary policiesetcViews of different people A single motherofcolor with two teenage children Not much happy since rather then money she here needs the basic amenities and would prefer to have economic See Answer

Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:

Unlimited Question Access with detailed Answers
Zin AI - 3 Million Words
10 Dall-E 3 Images
20 Plot Generations
Conversation with Dialogue Memory
No Ads, Ever!
Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!

Become a Member

Transcribed Image Text

On average, how would you think the typical person inthe following socio-economic groups would view an incomeredistribution scheme, and WHY?A single mother-of-color with two teenage childrenAn unmarried computer engineer in San Francisco earning $100,000per yearAn immigrant from abroad who has worked himself up form nothing toriches by starting a successful real estate companyA democratic congresswoman from the inner cityA republican senator from a rural stateA 31-year-old foreign exchange trader in an international bankearning $7,000,000 in commissions annually. (This actuallyoccurs!)***A homeless person in San FranciscoYourself