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INCOME DISTRIBUTION AND PUBLIC POLICY

INCOME DISTRIBUTION AND PUBLIC POLICY: ANEXAMINATION OF CONFLICTING POSITIONS

Income distribution refers to the proportional share of economic benefits received by the different segments comprising and economy. The definition of segments tends to shift, based on the perspective of the examination, and the composition of segments overlap as the perspective changes. Economists often distinguish between the owners of capital and labor in considerations of income distribution (Ekelund and Hebert, 1991), while social activists are more apt to be concerned with the distribution of income between the wealthy and the poor (Nasar, 1986), white and nonwhite (Shim, 1983), and male and female (Ehrenreich and Piven, 1984; Fuchs, 1986), and tax planners are interested in income distribution according to populationincome quintiles (Lundberg and Startz, 1983). The development of public policy regarding income distribution must accord consideration to each of the various perspectives on the issue, while simultaneously, addressing the underlying political imperatives (Brinbaum and Rogers, 1989).

In the early1990s, the conflicting opinions related to income distribution in the American society are generally represented by the socalled conservative, liberal, and radical positions (Carson, 1991). Each of these positions conservative, liberal, and radicalare described in this section.

The conservative position holds that income differentials in the American society are the outcome of a system which rewards economic productivityeither the actual producer or the owner of that which creates the production (Carson, 1991). Income differences, according to this conservative position, stem more from individuals preferences than they do from bias in the income distribution system (Carson, 1991). From this perspective, thus, the conservative views public policies designed to provide greater equity in income distribution as both unjust and ec...

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INCOME DISTRIBUTION AND PUBLIC POLICY. (1969, December 31). In LotsofEssays.com. Retrieved 07:38, March 28, 2024, from https://www.lotsofessays.com/viewpaper/1684127.html