It is not optimal to have equal incomes.

Question

Quizplus · Accepted Answer

Having equal incomes can discourage hard work and innovation, as individuals may not have the same incentives to improve their skills or come up with new ideas. Incentives for better productivity and innovation are important for a healthy and growing economy. Additionally, equal incomes ignore differences in skills, education, and experience. A more equitable solution is to have a progressive income tax system and social safety net programs that provide assistance to those who need it.

It Is Not Optimal to Have Equal Incomes