This week in my 9th Grade Business course I have been learning about the redistribution of income and the ‘morals of economics.’ After going through all the lessons, I will say that my view on redistribution of income has changed. In this essay, I am going to explain why my opinion changed using the example of grading.
Before this week I did not see anything wrong with redistributing someone’s income. In my mind, I saw it as the people of a country or state helping those that are less fortunate. But after this week’s lessons I now see that redistribution of income is not the best solution to help those in poverty. The example that made me realize this is the grading system.
Imagine, you are in school with others around you. A test is coming up and you start to study. Your friend, Mark, does not want to study but wants a good grade. You advise him to stop being lazy and to start studying, but he does not listen to you. Mark goes up to your professor and asks for a new grading system. Your professor tells Mark that he will think about it and dismisses Mark. On the day of the exam your professor announces that those who get a higher grade will have to give 25% of their grade to those who got lower grades.
This example is exactly like the redistribution of income system. Those that are poorer (have lower grades) are given things that they did not work for by those who worked hard to earn money (or grades).
If this grading system was used in schools this would discourage students from studying for two reasons. One, if the student did not study they would still get a decent grade from others without having to do anything. Two, those that do study do not get to keep all the benefits they should earn. Those that studied would also feel cheated and most likely stop trying to earn good grades when they know they will not be able to keep them.
I am not saying that I am against helping those in poverty. But I feel that I should be able to do it of my own free-will instead of being told to do it by the government.