Im studying for my Political Science class and need an explanation.
Follow the link and watch this short video about tax policy:
Video: http://www.cnn.com/video/data/2.0/video/bestoftv/2012/11/21/exp-erin-taxing-the-wealth-to-reduce-inequality-and-avert-fiscal-cliff.cnn.html (Links to an external site.) Economist: Tax wealth, not income. CNN Video. (November 21, 2012).
Discuss the issue of equity regarding tax policy. Would it be more equitable to tax someones wealth as opposed to their income?
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