how the government remove economic inequality
Answers
If a society decides to reduce the level of economic inequality, it has three main sets of tools: redistribution from those with high incomes to those with low incomes; trying to assure that a ladder of opportunity is widely available; and a tax on inheritance.
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Answer:
Economic inequality is the unequal distribution of income and opportunity between different groups in society. ... Education, at all levels, enhancing skills, and training policies can be used alongside social assistance programs to help people out of poverty and to reduce inequality.
Reforms in workers' laws can reduce inequalities. Minimum wages and universal basic income (UBI) are two of the popular ways to reform workplace laws. They both have the same aim — raising incomes of the least fortunate to reduce the income gap. These are imposed by law and paid by the employer.
Six policies to reduce economic inequality
Increase the minimum wage.
Expand the Earned Income Tax.
Build assets for working families.
Invest in education.
Make the tax code more progressive.
End residential segregation.