Political Science 1020E Lecture : Distribution of Property.docx
4 Jul 2013
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For utilitarians, the idea of diminishing marginal utility suggests that income should be distributed: October 16, 2012: to the happiest people, relatively equally, so that it minimizes net welfare, without being taxed, to marginalized cultural groups. From negative height to 80 km tall. Wealthy inequality in canada: 46 billionaires = bottom 14 million. Wealthy inequality in the usa: bottom 40% own 0. 3% of wealth, top 20% own 84% of wealth. World"s richest 5% = 1/3 of global income. World"s poorest 80% = 1/3 of global income. 1. 4 billion people live on less than . 25 per day. The true founder of civil society: first person who took the piece of land and said this is mine . Fruits of the earth belong to us all: earth itself belongs to nobody, if it produces things we need, we should distribute it equally. Nozick"s three parts of a theory: initial acquisition.
