Inequality and the Environment Flashcards
(3 cards)
1
Q
How does reducing the budget deficit lead to inequality
A
Decreasing budget deficit means decreasing government spending and increasing tax
This means less spending on schools and hospitals which lead to decreased standard of living for the poorer citizens
Increased taxing of the rich will cause them to leave so you have to tax the middle class which will impoverish them
2
Q
What is the sixth macroeconomic objective
A
Reduce inequality
3
Q
What is the seventh macroeconomic objective
A
Environmental sustainability
