According to the textbook, why might redistributive policies such as progressive income tax not have much effect on the roots of economic inequality?

Question

Quizplus · Accepted Answer

Redistributive policies like progressive income tax primarily affect income rather than wealth. Wealth, which includes assets like property and investments, is a significant source of economic inequality. These policies might not significantly alter the distribution of wealth, thus not addressing the roots of economic inequality.

According to the Textbook, Why Might Redistributive Policies Such as Progressive