Billionaires and Wealth Redistribution Essay Notes
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What is the proposed topic of the essay due on the 31st of May? new test hi

  • The outrage among the elite silly test hi
  • The comparison between socialism and capitalism
  • The practical difference between income redistribution and wealth redistribution
  • The impact of banning billionaires (correct)

    • What is the main distinction between income redistribution and wealth redistribution?

  • Income redistribution leads to socialism, while wealth redistribution leads to capitalism
  • Income redistribution reduces wealth inequality, while wealth redistribution increases economic growth
  • Income redistribution is impossible, while wealth redistribution is practical
  • Income redistribution focuses on cash flow, while wealth redistribution focuses on ownership transfer (correct)

    • What is a potential positive outcome if billionaires were banned?

  • Increased outrage among the elite
  • Stagnation in economic growth
  • Wealth inequality will remain unchanged
  • Reduction in income inequality and increased cash flow for the poor (correct)

    • What is a key challenge in implementing the policy of banning billionaires?

    <p>International unilateral implementation is impossible</p> Signup and view all the answers

    What is the potential impact of reducing billionaires’ ability to lobby the government?

    <p>Increase economic growth in countries with high economic freedom</p> Signup and view all the answers

    What is a potential negative consequence of banning billionaires?

    <p>Billionaire migration leading to job loss and economic shrinkage</p> Signup and view all the answers

    What did Bagchi and Svejnar (2015) find regarding wealth inequality and its effect on economic growth?

    <p>Wealth inequality tends to have a negative effect on economic growth</p> Signup and view all the answers

    According to Svejnar (2015), what should governments focus on in terms of redistribution?

    <p>Redistribution of wealth, not income</p> Signup and view all the answers

    What is a concern related to redistributing stock to the poor?

    <p>The poor may sell the stock back to the rich for immediate cashflow</p> Signup and view all the answers

    What is a potential consequence of reducing billionaires’ ability to lobby the government, according to Heckelmen and Wilson (2013)?

    <p>Increased evasion through opaque wealth activities.</p> Signup and view all the answers

    What did Bagchi and Svejnar (2015) find regarding the effect of poverty on economic growth?

    <p>The effect of poverty on growth is insignificant.</p> Signup and view all the answers

    What was Jakobsen et al.'s (2020) main finding regarding wealth taxation and accumulation?

    <p>Wealth taxation negatively impacts wealth accumulation.</p> Signup and view all the answers

    According to Hilber and Schöni (2020), what are the economic impacts of constraining second home investments?

    <p>Negative effects on local economies due to reduced investments.</p> Signup and view all the answers

    What is a potential consequence of reducing billionaires’ ability to lobby the government, according to Heckelman and Wilson (2013)?

    <p>Increased evasion through opaque wealth activities.</p> Signup and view all the answers

    What was Bagchi and Svejnar's (2015) first finding regarding the impact of wealth inequality on economic growth?

    <p>Wealth inequality tends to have a negative effect on economic growth.</p> Signup and view all the answers

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