Which of the following is not one of the concerns of some policymakers and economists that the increase in the share of income earned by the 1 per cent is damaging to the country?
A) The higher incomes of the 1 per cent may give them disproportionate political influence through campaign contributions.
B) Countries with high levels of income inequality have lower growth rates than do countries with more equal distributions of income.
C) Further increases in marginal tax rates may reduce work, saving, and investment, thereby reducing economic growth.
D) Rising income inequality can lead to political unrest.
Correct Answer:
Verified
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