The Fabian socialists argued that there would be no social cost associated with
A) a proportional income tax.
B) the sharp price declines caused when a speculative bubble bursts.
C) limits on employer monitoring imposed to protect employees' privacy.
D) the appropriation of rents by the government.

Question

Quizplus · Accepted Answer

The Fabian socialists believed that the appropriation of rents by the government would not have a social cost because they viewed it as a way to redistribute wealth more equitably without harming economic efficiency.

The Fabian Socialists Argued That There Would Be No Social