ADB’s solution to reduce economic inequality: Tax income and property of rich

ADB’s solution to reduce economic inequality: Tax income and property of rich

Progressive taxation and efficient government policies, including universal healthcare are important to protect poor people, ADB said. (Reuters) In order to plug the gap between rich and poor in the world, Asian Development Bank (ADB) has called for progressive taxation that includes taxing the income, inheritance and property of the rich people. The world especially emerging nations need to shield workers from losses of job in wake of introduction of new technologie such as artificial intelligence and robotics, ADB President Takehiko Nakao said at a global briefing of reporters on Thursday. Progressive taxation and efficient government policies, including universal […]

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.