As a result of the trade-off between income equality and incentives to work,an optimal redistribution policy

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The trade-off between income equality and incentives to work implies that an optimal redistribution policy will always fall short of a fully egalitarian society. This is because providing too much redistribution may reduce the incentives to work, which could lower economic growth and ultimately hurt the very people that redistribution policy is trying to help. Therefore, the optimal redistribution policy must strike a balance between income equality and incentives to work, which means it cannot achieve a fully egalitarian society.

As a Result of the Trade-Off Between Income Equality and Incentives