Mariam earns more than Seamus and she came by her income fairly and honestly which of the following political philosophies would argue against the redistribution of income from Mariam to Seamus ?
Correct answer: B. libertarianism
- A. all of these answers
- B. libertarianism
- C. utilitarianism
- D. none of these answers
Explanation
Libertarianism emphasizes property rights and voluntary, honestly acquired income, so it rejects compulsory redistribution from Mariam to Seamus on grounds of fairness. Utilitarianism may support redistribution because of diminishing marginal utility of income.
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Government revenue and expenditure are analysed through taxation, public borrowing, budgets, subsidies, transfers and public debt. The topic explains how fiscal policy affects resource allocation, income distribution, economic stability and growth, while distinguishing direct from indirect taxes, progressive from regressive taxation, and public goods from goods supplied by private markets.
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