Colext/Macondo
Cantina virtual de los COLombianos en el EXTerior
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In an economics textbook written by N. Gregory Mankiw.
"Consider, for instance, policies aimed at achieving a more equal
distribution of economic well-being. Some of these policies, such as the
welfare system or unemployment insurance, try to help those members in
society who are most in need. Others such as the individual income tax, ask
the financially successful to contribute more than others to support the
government. Although these policies have the benefit of achieving greater
equity, they have a cost in terms of reduced efficiency. When the government
redistributes from the rich to the poor, people work less and produce fewer
goods and services. In other words when the government tries to cut the
economic pie into more equal slices, the pie gets smaller."
Comforting, isn't it? Some college students are actually being introduced
to reality!
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