📚 Learning Guide
Political Spectrum and Economic Issues
hard

Which left-wing economic policy is most likely to involve higher taxation to redistribute wealth and fund social programs?

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Learning Path
Learning Path

Question & Answer
1
Understand Question
2
Review Options
3
Learn Explanation
4
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Choose 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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