Ask Question
24 August, 15:58

which of the following philosophers would most likely support taxing income to redistribute wealth to the poor?

+5
Answers (1)
  1. 24 August, 16:07
    0
    David Ricardo supports redistribution of taxing income to the poor.

    Explanation:

    David Ricardo was a famous political economist lived in England. Theory on wages and profit, labor theory of value, theory of comparative advantage, and theory of rents are some of the famous theories of David Ricardo.

    Ricardo always supports for the welfare of labor. According to redistributive taxation, rich people are taxed more and poor people are taxed less.

    To reduce the poverty in a country, the wealth is transferred from rich people to poor people in the form of tax.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “which of the following philosophers would most likely support taxing income to redistribute wealth to the poor? ...” in 📘 History if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers