Question

I need help with the “How Should the US Reduce Economics Inequality” Dbq essay

Answer 1

The US can reduce economic inequality through government policies such as redistribution, opportunity assurance, and inheritance tax.

Step-by-step explanation:

The US can reduce economic inequality through various government policies:

1. Redistribution: This involves transferring wealth from individuals with higher incomes to those with lower incomes. It can be done through progressive taxation or social welfare programs.
2. Opportunity Assurance: Ensuring that everyone has equal access to opportunities, such as quality education and healthcare, can help reduce economic inequality.
3. Charging inheritance tax: Implementing a tax on inheritance can prevent the concentration of wealth and promote a more equal distribution.

It is important to note that reducing economic inequality can be a complex issue with trade-offs and policy considerations. Economists play a crucial role in analyzing and advising on various options and their potential impacts.

Answer 2

1. Expand the Child Tax Credit (CTC) and the Earned Income Tax Credit (EITC). ...

2. Shift taxes toward capital and away from labor to encourage hiring workers. ...

3. Create a wealth tax. ...

4. Keep the estate tax. ...

5. Impose a value-added tax (VAT). ...

6. Create automatic tax cuts and unemployment benefits.

Step-by-step explanation: