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State one fiscal measures that can …

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State one fiscal measures that can be used to reduce the gap between rich and poor?

    • Posted by Nitasha Yadav 6 years, 7 months ago

    CBSE > Class 12 > Economics
    • 1 answers

    Yogita Ingle 6 years, 7 months ago

    • One fiscal measure that can be used to reduce gap between the rich and poor is the introduction of progressive taxes.
    • A progressive tax helps to bring down the income of the high earners by taking a higher percentage of their income as tax and thereby reduce the gap between the high income and low income groups. The tax raised from progressive income tax can be utilized to augment the disposable income of the low income groups.
    • The government can intervene to reduce poverty and inequality through the tax and benefits system. It can take measures for an equitable distribution of resources. 

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