15 Questions
What is the proposed topic of the essay due on the 31st of May? new test hi
The impact of banning billionaires
What is the main distinction between income redistribution and wealth redistribution?
Income redistribution focuses on cash flow, while wealth redistribution focuses on ownership transfer
What is a potential positive outcome if billionaires were banned?
Reduction in income inequality and increased cash flow for the poor
What is a key challenge in implementing the policy of banning billionaires?
International unilateral implementation is impossible
What is the potential impact of reducing billionaires’ ability to lobby the government?
Increase economic growth in countries with high economic freedom
What is a potential negative consequence of banning billionaires?
Billionaire migration leading to job loss and economic shrinkage
What did Bagchi and Svejnar (2015) find regarding wealth inequality and its effect on economic growth?
Wealth inequality tends to have a negative effect on economic growth
According to Svejnar (2015), what should governments focus on in terms of redistribution?
Redistribution of wealth, not income
What is a concern related to redistributing stock to the poor?
The poor may sell the stock back to the rich for immediate cashflow
What is a potential consequence of reducing billionaires’ ability to lobby the government, according to Heckelmen and Wilson (2013)?
Increased evasion through opaque wealth activities.
What did Bagchi and Svejnar (2015) find regarding the effect of poverty on economic growth?
The effect of poverty on growth is insignificant.
What was Jakobsen et al.'s (2020) main finding regarding wealth taxation and accumulation?
Wealth taxation negatively impacts wealth accumulation.
According to Hilber and Schöni (2020), what are the economic impacts of constraining second home investments?
Negative effects on local economies due to reduced investments.
What is a potential consequence of reducing billionaires’ ability to lobby the government, according to Heckelman and Wilson (2013)?
Increased evasion through opaque wealth activities.
What was Bagchi and Svejnar's (2015) first finding regarding the impact of wealth inequality on economic growth?
Wealth inequality tends to have a negative effect on economic growth.
This quiz pertains to making notes on the topic of the potential consequences of banning billionaires and the distinctions between income redistribution and wealth redistribution. It also involves exploring the concepts of socialism and capitalism.
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