Question

1. Despite the claims, wealth inequality is [ Select ] ["not bad", "indifferent", "always good", "always bad"] rather it depends on the source of the inequality. In a market system usually, with of course exceptions, the rich get rich, such as Steve Jobs or Joe Colombo (Trader Joe) , by [ Select ] ["government assistance", "stealing from others", "serving others", "taking the property of others"] , This refers to the idea not of a[ Select ] ["unequal", "variable", "fixed"] wealth pie but that entrepreneurs [ Select ] ["create wealth", "destroy wealth", "steal wealth"]. One man being rich doesn't mean that it requires another to be poor.

2. Individuals with immense wealth in a society is [ Select ] ["bad for", "meaningless", "beneficial to", "quality"] that society because they [ Select ] ["spend", "destroy", "invest"] their money in businesses and capital like equipment and buildings, which in turn drives [ Select ] ["productivity", "profits", "wealth inequality"] up which drive wages up. So we can see that a tax on wealth in society will have a negative consequence for [ Select ] ["incomes", "economic growth", "government revenues", "all of the above"] as described in the 7th Discussion Board videos (Reason TV and Cooper man) videos on the Wealth Tax.

Answer 1

Question 1

Wealth inequality is an important debatable point.

So,

Despite the claims, wealth in equality is not bad rather it depends on the source of the inequality.

In a market system usually, with of course exceptions, the rich get rich, such as Steve Jobs or Joe Colombo, by serving others.

This refers to the idea not of a fixed wealth pie but that entrepreneurs create wealth.

One man being rich does not mean that it requires another to be poor.

Question 2

Individuals with immense wealth in a society is beneficial to that society because they invest their money in businesses and capital like equipment and buildings, which in turn drives productivity up which drives wages up.

So, we can see that a tax on wealth in society will have negative consequences of all of the above.