The Inequality Feedback Loop
A country passes a series of laws over a decade that significantly reduce taxes on investment income and corporate profits while cutting funding for public education and social safety nets. Assuming these policies were heavily influenced by affluent donors and corporate lobbyists, explain how this set of policies could create a feedback loop that further increases the political advantage of the wealthy in the future.
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Social Science
Empirical Science
Science
CORE Econ
Economics
Economy
Introduction to Microeconomics Course
The Economy 2.0 Microeconomics @ CORE Econ
Ch.5 The rules of the game: Who gets what and why - The Economy 2.0 Microeconomics @ CORE Econ
Analysis in Bloom's Taxonomy
Cognitive Psychology
Psychology
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Policy Influence in a Local Community
A government is considering two new tax policies. Policy A is a tax cut for the wealthiest 1% of earners, which is heavily promoted by well-funded advocacy groups. Policy B is an expansion of a tax credit for low-income families, which polls show is supported by a majority of the general public. After a period of intense lobbying, the government enacts Policy A and tables Policy B for future consideration. Which of the following principles is best illustrated by this outcome?
Mechanisms of Political Influence
Match each mechanism of political influence used by wealthy individuals or groups with the most likely policy outcome it helps to achieve.
Critique of Political Equality in Democracy
In a society with significant economic inequality, the principle of 'one person, one vote' ensures that all citizens have an equal practical ability to influence the legislative process.
Analyzing Policy Outcomes
The Inequality Feedback Loop
Evaluating Policy Outcomes in an Unequal System
Evaluating Campaign Finance Reform
Match each mechanism of political influence used by wealthy individuals or groups with the most likely policy outcome it helps to achieve.