How Effective is Fiscal Policy in Correcting Income Inequality?

About the Scholar: Tongxin Zhang grew up in China and attended WHBC of Wuhan Foreign Languages School in Wuhan, China

The Research:

Income equality has a close correlation with social well-being, including higher life expectancy, lower crime rates, and a stable economy. Although most governments have instituted policies to lower income inequality, primarily through social spending to support the elderly, low-income households, and other vulnerable groups, income inequality continues to increase. Tongxin examines two developed economies, the US and the UK, to analyze which policies work best to reduce income inequality. He concludes that a combination of progressive taxes (those who earn more pay a higher percentage), sufficiently high government tax income, and sufficiently high targeted spending would be most effective.

ClientThe Car Rental Co
SkillsPhotography / Media Production

Project Title

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