According to the maximin criterion, income can be transferred from the rich to the poor as long as it:
(i) enhances the welfare of workers
(ii) promotes an egalitarian distribution of income
(iii) raises the wellbeing of the least fortunate

Question

Quizplus · Accepted Answer

According to the maximin criterion, income can be transferred from the rich to the poor as long as it raises the wellbeing of the least fortunate. Option (i) is not necessarily true because enhancing the welfare of workers may not necessarily benefit the poorest members of society. Option (ii) is not specifically mentioned in the maximin criterion, although it may be a desirable outcome for proponents of income redistribution. Therefore, the best answer is (D), which directly reflects the spirit of the maximin criterion.

According to the Maximin Criterion, Income Can Be Transferred from the Rich