Question

There is a view that absolute economic equality is neither possible nor
desirable. It is argued that the most a society can do is to try and
reduce the gaps between the richest and poorest members of society.do you agree!? if yes then why and if no then why !?​

Answer 1

Explanation:

High tax rates are a major reason for the gap between rich and poor especially in India. Tax avoidance follows a high tax rate which leads to a parallel economy. In India the unofficial economy is as strong as the official economy. This is turn leads to more and more concentration of income and wealth in few hands.