"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 aligns with Utilitarianism, which focuses on maximizing happiness and well-being for the greatest number of people. It suggests that redistributing wealth from richer to poorer individuals can increase overall happiness, as the marginal utility of money decreases with wealth.

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