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Explain the problems involved in trying to assess the incidence of the public sector budget. Does the UK budget redistribute income to any significant level?
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Public Economics Essay Explain the problems involved in trying to assess the incidence of the public sector budget. Does the UK budget redistribute income to any significant level? The Issue For as long as governments have existed, they have proceeded to impose a tax upon their constituents in order to create a public sector budget with which they can provide services to all of those in need. However, although this idea is commendable in theory, how easy is it to actually achieve economic equity? Does the money collected get distributed fairly? The question is an important one as we must be able to assess the impact of government policies on the way income is distributed. The question is essentially an empirical one and it's answers can seem increasingly difficult to comprehend as there are many practical and quantitative difficulties to obtaining the results. The basis of concern is trying to determine who ultimately...
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