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Question

Progressive taxes on higher incomes can prevent wealthy people from accumulating


A

Small wealth

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B

Large wealth

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C

Poor wealth

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D

Low wealth

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Solution

The correct option is B

Large wealth


Fiscal operations are used to reduce the income of the rich and increase that of the poor. Say progressive taxes on higher incomes and high taxes on luxurious goods can prevent the wealthy persons from further accumulating large wealth.


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