Inequality: Income redistribution: Policies & evaluation

By Enterprise, Economics & Business on youtube.com

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In this step, you'll learn about different policy responses governments can use to redistribute income in society. This includes progressive forms of taxation, transfer payments, capital taxes, minimum or maximum wages, reduced or removed regressive indirect taxes, government spending on education, incentivization of work in relation to childcare, and freeing up Greenbelt areas to increase housing. These policies can be evaluated based on their effectiveness, necessity, and the freedom of economic opportunity they provide.