Should the government increase tax rates on everyone as a way to equalize incomes and wealth?© BrainMass Inc. brainmass.com March 22, 2019, 12:00 am ad1c9bdddf
There is an excellent metaphor for tax redistribution that is typically called the "leaky bucket".
Think of the rich as a pond, and the poor as another pond. Think of the water in the ponds as money. As the government transfers money between the ponds, they are forced to use a bucket with holes in it. The government can transfer ...
The expert determines if the government increases tax rates on everyone as a way to equalize income and wealth.