A strong push for economic equality, such as implementing extremely high taxes on high-wage earners to fund large government social payments, could limit incentives for high-wage workers and potentially lock the poor into a poverty trap, thereby reducing economic output.

Authors

• Person: Not available Organization: University of Hawaii
  14.5 Government Policies to Reduce Income Inequality

Sources

• 14.5 Government Policies to Reduce Income Inequality pressbooks-dev.oer.hawaii.edu University of Hawaii via serper

Referenced by nodes (1)

• economic output concept