What effect has income redistribution had on the economy? Why is this? How might this be improved?
Minimum 200-300 words© BrainMass Inc. brainmass.com October 10, 2019, 5:34 am ad1c9bdddf
Income redistribution has a harmful effect on the economy. Income redistribution is brought about through a progressive, discriminatory income tax structure. There are income slabs; those in the higher income slabs are required to pay a higher tax rate. When the purpose of taxation and government regulation is to redistribute incomes, incentives to work among those that are taxed is reduced. ...
The response provides you a structured explanation of Income Redistribution . It also gives you the relevant references.