Government shifts of income from taxpayers to persons regarded as deserving are called __________.

Question

Quizplus · Accepted Answer

Income transfers refer to government policies that shift income from taxpayers to specific individuals or groups who are deemed deserving of assistance, such as low-income families, the elderly, or disabled individuals. This can take the form of programs like Social Security, Medicaid, or food stamps. Public goods refer to goods or services that are provided by the government and available for use by all members of society, regardless of their ability to pay. The social contract refers to the implicit agreement between citizens and the government, in which citizens give up some individual freedom in exchange for protection and services provided by the state. Externalities refer to costs or benefits that are not reflected in the market price of a good or service, but are instead paid or received by individuals or groups outside of the transaction.

Government Shifts of Income from Taxpayers to Persons Regarded as Deserving