A way to reduce income inequality is:
A) for governments to impose a progressive income tax.
B) for governments to reduce welfare payments.
C) for governments to pay welfare benefits to higher income earners.
D) for governments to stop intervening in the market.

Question

Quizplus · Accepted Answer

Imposing a progressive income tax means that those with higher incomes pay a higher percentage of their income in taxes, while those with lower incomes pay a lower percentage. This helps to redistribute wealth and reduce income inequality.

A Way to Reduce Income Inequality Is