Question 1
Opponents of income redistribution argue that
◦ redistribution violates the proposition that "one is entitled to the fruits of one's efforts."
◦ property income is less just than labor income and thus redistribution of that income is justified.
◦ redistribution encourages too much competition.
◦ Both redistribution violates the proposition that "one is entitled to the fruits of one's efforts." and redistribution encourages too much competition are correct.
Question 2
Proponents of income redistribution argue that redistribution
◦ increases the welfare of all members of society.
◦ will not take place absent government intervention as the market for charity, a private good, is imperfect.
◦ would be agreed to by all members of society if they were risk-loving and contracting from the "original position."
◦ helps those who, through no fault of their own, are unable to earn an adequate income.