The shift of white-collar crime losses from the rich to others result in what kind of tax?

Question

Quizplus · Accepted Answer

When white-collar crime losses shift from the rich to others, the resulting tax is regressive. A regressive tax takes a larger percentage of income from low-income earners than from high-income earners. In this case, the losses are often absorbed by consumers, employees, and investors who have less financial resources than the wealthy perpetrators of white-collar crimes. This results in a regressive tax, where the burden of the losses falls disproportionately on those least able to afford it.

The Shift of White-Collar Crime Losses from the Rich to Others