Should the government use taxation to promote equality?
Or, should the government let the market sort out wealth distribution?

The flow of money received on a monthly or yearly basis is termed as Income. The total value of properties, value of a home, money in banks, investments and pension fund is termed as Wealth.

To cut down the level of economic inequality, the three main guidelines should be followed: People with high incomes should be redistributed to those with low incomes people, assure them a lot of opportunities is widely available; and a heritage of taxation.

Income inequality can be done by focusing on the share of income received by the people with highest-income.

Should the government use taxation to promote equality? Or, should the government let the market sort out wealth distribution?

Respuesta :

Government should use taxation to promote equality as high-income households pay larger tax than low-income households. Taxation helps to reduce income inequality.

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Should the government use taxation to promote equality?
Or, should the government let the market sort out wealth distribution?