The social insurance system generally redistributes income from
A)rich to poor and from old to young
B)rich to poor and from young to old
C)poor to rich and from old to young
D)poor to rich and from young to old
E)consumers to producers

Question

Quizplus · Accepted Answer

The social insurance system redistributes income from the rich to the poor through means-tested programs like Medicaid and through more general programs like Social Security. Additionally, these programs typically transfer resources from younger generations to older generations, as older individuals tend to receive more benefits from the system than younger individuals. Therefore, option B, which states that the social insurance system redistributes income from the rich to the poor and from young to old, is the correct answer.

The Social Insurance System Generally Redistributes Income from