Neoliberalism Questions
The neoliberal perspective on income inequality is that it is a natural outcome of a free market economy. Neoliberals argue that income inequality is necessary to incentivize individuals to work hard and innovate, which ultimately leads to economic growth and prosperity for all. They believe that government intervention to reduce income inequality, such as progressive taxation or wealth redistribution, hinders economic efficiency and individual freedom. Neoliberals advocate for policies that promote economic growth and market competition, as they believe these will eventually benefit all members of society, including those at the lower end of the income distribution.