"An extra dollar of income gives more additional satisfaction to a poor person than to a rich person." This is an important assumption of which political philosophy?

Question

Quizplus · Accepted Answer

This assumption is a key principle of utilitarianism, which holds that the goal of society should be to maximize overall happiness or well-being, and that each person's satisfaction should be counted equally. In other words, since the marginal utility of an additional dollar is higher for someone with less income, a society that redistributes income from the rich to the poor can increase overall happiness more than one that does not. Liberalism and libertarianism, on the other hand, tend to be more focused on individual rights and freedoms rather than overall happiness or equality of outcome.

"An Extra Dollar of Income Gives More Additional Satisfaction to a Poor