Learning Path
Question & Answer1
Understand Question2
Review Options3
Learn Explanation4
Explore TopicChoose the Best Answer
A
Supply-side economics
B
Progressive taxation
C
Flat tax system
D
Deregulation
Understanding the Answer
Let's break down why this is correct
Answer
A left-wing economic policy that often involves higher taxation is called progressive taxation. This means that people who earn more money pay a larger percentage of their income in taxes compared to those who earn less. The idea behind this policy is to redistribute wealth, which means taking money from those who have more and using it to help those who have less. For example, if a government raises taxes on high earners to fund public healthcare or education, it can provide essential services to everyone, especially those who may not be able to afford them otherwise. By doing this, the government aims to create a fairer society where everyone has access to basic needs.
Detailed Explanation
Progressive taxation means that people who earn more money pay a higher percentage in taxes. Other options are incorrect because Some think this means raising taxes to help the economy, but it actually focuses on lowering taxes to encourage spending; A flat tax means everyone pays the same percentage, which doesn't help those with less money.
Key Concepts
left-wing ideology
economic policies
taxation policies
Topic
Political Spectrum and Economic Issues
Difficulty
hard level question
Cognitive Level
understand
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