can taxing the rich reduce income inequalities

Watch
jack_lavers
Badges: 0
Rep:
?
#1
Report Thread starter 5 years ago
#1
Hi

I really need some help on coming up with some arguments for my EPQ

also what do you think of the title

thanks!
0
reply
BAMitsAsh
Badges: 2
Rep:
?
#2
Report 5 years ago
#2
It is a really interesting topic that you have chosen and should make for a compelling piece of research. As for the title, personally I would write it like so:

"Does higher taxation of the rich as a form of wealth redistribution, successfully reduce financial inequality?"

My advice for you if you pick this topic is to be careful of bias, it might sound obvious but this is a contentious debate with strong statistics and opinions on either side, something someone marking this piece would be looking for. Hope that I have been of some help, let me know if you have any other questions.
0
reply
jack_lavers
Badges: 0
Rep:
?
#3
Report Thread starter 5 years ago
#3
[thanks for this definitely a better title which i will use and i will definitely try to keep the argument balanced. i was just wondering do you think i should talk about different types of tax e.g. income, inheritance, stamp duty
0
reply
rolodopus
Badges: 2
Rep:
?
#4
Report 5 years ago
#4
(Original post by jack_lavers)
[thanks for this definitely a better title which i will use and i will definitely try to keep the argument balanced. i was just wondering do you think i should talk about different types of tax e.g. income, inheritance, stamp duty
Absolutely, I would.

You're obviously going to want to make a distinction between regressive and progressive taxes - perhaps you could even make the argument that regressive taxes increase social inequality.

I'd also like to write about how the very wealthy have incentives to evade taxes by sheltering their wealth in tax havens. Perhaps you could make the argument that a moderately high tax rate (where the social incentives for paying taxes outweigh the financial incentives for evading taxes) is better at reducing inequality than a very high tax rate (where the financial incentives outweigh the social incentives.)

As an example, you could look at the recent events in France where, under a socialist government, taxes have spiked, there has been a mass exodus of wealth and social inequality has been increased.
0
reply
X

Quick Reply

Attached files
Write a reply...
Reply
new posts
Back
to top
Latest
My Feed

See more of what you like on
The Student Room

You can personalise what you see on TSR. Tell us a little about yourself to get started.

Personalise

What factors affect your mental health the most right now?

Anxiousness about lockdown easing (195)
5.06%
Uncertainty around my education (560)
14.54%
Uncertainty around my future career prospects (431)
11.19%
Lack of purpose or motivation (531)
13.79%
Lack of support system (eg. teachers, counsellors, delays in care) (190)
4.93%
Impact of lockdown on physical health (232)
6.02%
Loneliness (324)
8.41%
Financial worries (142)
3.69%
Concern about myself or my loves ones getting/having been ill (151)
3.92%
Exposure to negative news/social media (172)
4.47%
Lack of real life entertainment (218)
5.66%
Lack of confidence in making big life decisions (344)
8.93%
Worry about missed opportunities during the pandemic (361)
9.37%

Watched Threads

View All