How does neoliberalism view income redistribution?

Neoliberalism Questions



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How does neoliberalism view income redistribution?

Neoliberalism generally views income redistribution as undesirable or unnecessary. Neoliberalism emphasizes free markets, limited government intervention, and individual economic freedom. It argues that allowing market forces to operate freely will lead to overall economic growth and prosperity, benefiting all members of society. Neoliberals believe that income redistribution through government intervention, such as progressive taxation or welfare programs, can hinder economic growth and discourage individual initiative. They argue that wealth should be earned through individual effort and merit, and that government should primarily focus on creating a conducive environment for market competition and entrepreneurship.