The Relative Equality Theory and the Influence of the Unfairness Policy on the Country Finances and the Economics’ Welfare

Abstract

The article is promoting a new formula for the general economics based on the fairness which is relative, namely the relative equality method which appropriates for assessment and treatment the unfair economic policies. Accordingly, here is the explanation of the method of the relative equality and the proofs that the fairness of the economic policies is a compulsion since the more the fairness of the economic policies, the more the health of the Country financially and the Economics’ Welfare, contrary, the greater the unfairness, the greater the chances of the crisis of the country. For instance, the unfairness on the context of the relative equality in the tax policy may result in a loss of the Country's income from taxes of more than 50%. And, the unfair spectrum policy may cause a potential declining on the Country revenue, the Gross Domestic Product, and the quality of internet services over 60%. As well as, the unfair labor policy will lead to a potential unemployment rate of more than 4%, even there is a balance in the labor demand and supply

Keywords: fairness; relative; relative equality index; economic policy; finance healthy; Economics’ Welfare.

DOI: 10.7176/RJFA/11-10-16

Publication date:May 31^st 2020