what steps can be taken to reduce economic inequality
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Answer:
Governments can intervene to promote equity, and reduce inequality and poverty, through the tax and benefits system. This means employing a progressive tax and benefits system which takes proportionately more tax from those on higher levels of income, and redistributes welfare benefits to those on lower incomes.
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Explanation:
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.
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