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Taxation a tool to drive equality

posted Mar 22, 2011, 10:55 PM by Jake Vosloo   [ updated Apr 5, 2011, 9:04 AM by Jake Vosloo ]
Taxation is the means by which the government can improve the equality between the very poor and the very rich.
The inequality is caused by unequal distribution of the following:
  • Knowledge (intellectual property)
  • Income
  • Assets
    • Natural resources
    • Financial resources
    • Labour resources
  • Company ownership
Capitalism has created a system whereby factors of production are consolidated into companies which creates an opportunity for the government to indirectly tax all the factors of production by taxing the ownership of companies.