Taxation can be used to redistribute more "equitably" the dollar votes that would otherwise prevail under laissez-faire.

Question

Quizplus · Accepted Answer

Taxation is a tool that can be used to redistribute wealth and income in a society by collecting revenue from those who have more and using it to fund programs and services that benefit those who have less. Without taxation, the market would allocate resources and wealth based on the dollar votes of individuals and businesses, which could result in greater inequality and concentrated wealth in the hands of a few. Thus, taxation can be used to promote a more equitable distribution of resources and opportunities.

Taxation Can Be Used to Redistribute More "Equitably" the Dollar