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Utilitarianism, liberalism and Libertarianism

The political philosophy of redistributing income:

Utilitarianism

Utilitarianism: the political philosophy according to which the government should chose policies to maximize the total utility of everyone in society.

Liberalism

Liberalism: the political philosophy according to which the government should chose policies deemed to be just, as evaluated by an impartial observer behind a veil of ignorance.

Libertarianism

Libertarianism: the political philosophy according to which the government should punish crimes and enforce voluntary agreements but not redistribute income

Please answer the following problems:

1. Which political philosophy would you support? Why?

2. Taxes are often used as a means of distributing income. What kind of tax system would you favor (regressive, flat, progressive)? Why?

3. Do you think government should have a role in redistributing income? If so, in what ways? If not, why not?

 

Business Economics, Economics

  • Category:- Business Economics
  • Reference No.:- M927851

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