Discuss the concept of the optimal amount of inequality

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1. Suppose the War on Poverty were starting anew and you were part of a presidential commission assigned the task of defining the poor. Would you choose an absolute or a relative concept of poverty? Why? What would be your specific definition of poverty?

2. Discuss the concept of the "optimal amount of inequality." What are some of the practical problems in determining how much inequality really is optimal?

Reference no: EM131403140

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