American Debt

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ajvagre5564

Humanities

Description

Is a solution to America’s national debt preclude extra taxes for the affluent?

Should taxes be increased for the upper classes and decreased for the lower classes? Why/why not (please substantiate with economic principles, etc.)?

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Explanation & Answer

Precluding income taxes for the rich won't reduce the ever increasing national debt. Instead, the government should tax the wealthy individuals more. Notably, a raise in tax rates has been supported by several scholars. Increasing tax rates for...


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