About the Scholar: Tongxin Zhang grew up in China and attended WHBC of Wuhan Foreign Languages School in Wuhan, China
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.
Far far away, behind the word mountains, far from the countries Vokalia and Consonantia, there live the blind texts. Separated they live in Bookmarksgrove right at the coast of the Semantics, a large language ocean. A small river named Duden flows by their place and supplies it with the necessary regelialia. It is a paradisematic country, in which roasted parts of sentences fly into your mouth.