What can be the reason behind such unequal distribution of money in the government's budget? According to you, which sector should have more allocation and why?
Progressive taxes take proportionately more tax at higher incomes and proportionately less tax at lower incomes. If this is accompanied by welfare payments to those on lower incomes, any gap between high and low income earners can be reduced.
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Progressive taxes take proportionately more tax at higher incomes and proportionately less tax at lower incomes. If this is accompanied by welfare payments to those on lower incomes, any gap between high and low income earners can be reduced.