Addressing Income Inequality: Fiscal Policy Options and Strategies

The video discusses income inequality, focusing on the Lorenz curve and Gini index as tools for analysis. It explores fiscal policies to address inequality, emphasizing employment, progressive taxes, and welfare benefits. The importance of balancing economic policies to avoid disincentives is highlighted, along with the careful application of indirect taxes to ensure fairness. The video concludes with a reminder of the complexity of achieving economic balance.

What is the purpose of the Lorenz curve in analyzing income inequality?

How does the Gini index measure income inequality?

What fiscal policies can be implemented to address income inequality?

In what ways can direct taxes be made more progressive?

What role does employment regulation play in income inequality?

How can indirect taxes impact individuals with low income?

What are the potential consequences of disincentivizing economic activity through taxation?