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Tax rates are progressive, meaning that those with lower income pay significantly less than those with high earnings. Taxes are used to finance and subsidize c
by Kurtz79 7y ago
Tax rates are progressive, meaning that those with lower income pay significantly less than those with high earnings.
Taxes are used to finance and subsidize common services such as heathcare, public transport and education, which people with a disadvantaged background otherwise could not afford.
Thus, it is more likely that those which were born in a low income family (and are willing to improve their situation) can move upwards, since they don't have to worry so much about basic needs.
https://en.wikipedia.org/wiki/Social_mobility https://en.wikipedia.org/wiki/Social_mobility
https://www.economist.com/graphic-detail/2018/02/14/americans-overestimate-social-mobility-in-their-country https://www.economist.com/graphic-detail/2018/02/14/american...