What is the neoliberal approach to income redistribution?

Neoliberalism Questions



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What is the neoliberal approach to income redistribution?

The neoliberal approach to income redistribution is characterized by a belief in limited government intervention and a focus on free markets. Neoliberals argue that income redistribution should primarily occur through economic growth and market mechanisms, rather than through government policies such as progressive taxation or welfare programs. They believe that by promoting economic freedom and reducing barriers to trade and investment, wealth will naturally trickle down to all members of society, leading to increased overall prosperity.