Income Equality

• There should be an equal distribution of income in an economy

Income Equity

• There should be an equitable distribution of income in society

The Free Market?

• The free market should determine what is an equitable distribution of income

Redistribution of income

• A redistribution from the top quintile to the the bottom quintile is desirable

Factors of Production

• The concentration of the factors of production in the hands of the top quintile makes the free market distribution of income inequitable

Social Mobility

• The key purpose of any redistribution of income should be to allow economic and social mobility

Labour

• Everyone has an equal share of this factor of production from birth and therefore there is equality and equity in a free market system