A goal of equality of income can be justified based on the utilitarian idea that _____.
A)individuals face diminishing marginal utility of income
B)social welfare functions are convex to the origin
C)rich people have more than they every could need
D)redistribution does not lead to an increased excess burden of taxation

Question

Quizplus · Accepted Answer

The utilitarian idea that individuals face diminishing marginal utility of income implies that distributing income more equally can increase overall utility or happiness in society. This is because for individuals with lower incomes, receiving an extra dollar provides a much greater boost to their happiness than for those with higher incomes who have already satisfied their basic needs. Therefore, the goal of greater income equality can be seen as a way to increase overall well-being in society.

A Goal of Equality of Income Can Be Justified Based