{"id":125726,"date":"2022-03-02T02:41:25","date_gmt":"2022-03-02T02:41:25","guid":{"rendered":"https:\/\/fin2me.com\/?p=125726"},"modified":"2022-03-02T02:41:25","modified_gmt":"2022-03-02T02:41:25","slug":"countries-where-taxes-most-effectively-close-the-income-gap","status":"publish","type":"post","link":"https:\/\/fin2me.com\/business\/countries-where-taxes-most-effectively-close-the-income-gap\/","title":{"rendered":"Countries Where Taxes Most Effectively Close the Income Gap"},"content":{"rendered":"<p><span>Income inequality has become a major topic of political discourse all over the world, particularly since the COVID-19 pandemic began. Many governments adopted aggressive stimulus programs to put money into the hands of consumers. The United States Government <\/span><span>established the Paycheck Protection Program to give small businesses funds to meet payroll and benefits costs, and <\/span><span>adopted t<\/span><span>he Coronavirus Aid, Relief, and Economic Security, or CARES, Act. The CARES Act was followed by the more ambitious American Rescue Plan Act of 2021.<\/span><\/p>\n<p><span>The pandemic has also renewed debate about universal basic income, under which citizens of a given population get a guaranteed income without a means test. It\u2019s politically polarizing: supporters argue it\u2019s the best way to address income inequality and guarantee everybody a minimum standard of living; opponents rail against big government and raise the issue of moral hazard \u2013 people will choose not to work if they don\u2019t have to. (<\/span><span>These are the countries with the largest gap between rich and poor<\/span><span>.)<\/span><\/p>\n<p><span>In truth, however, governments everywhere redistribute income one way or another, and they typically use tax policy to do so. 24\/7 Wall St. has identified the 50 countries using taxes to redistribute the most income<\/span><span>, based on data from the World Inequality Database\u2019s 2022 World Inequality Report.\u00a0<\/span><\/p>\n<p><span><b>Click here to see countries using taxes to most effectively redistribute income<\/b><\/span><\/p>\n<p><span>Our list demonstrates clearly that countries at all levels of economic development and governments of all political stripes redistribute income. The No. 1 spot is claimed by South Africa, where successive governments have sought to address the legacy of Apartheid, reduce poverty, and lessen social tension. At No. 2 is Denmark, a rich and famously liberal country, with a high degree of social cohesion. <\/span><span>(These are the countries where people have the highest average net incomes.)<\/span><\/p>\n<p><span>Close behind are countries as varied as Georgia, a former Soviet republic, and Cuba, which still has a Communist government. At No. 18 is Yemen, one of the world\u2019s poorest countries. One place behind Yemen is the United States.<\/span> <span>\u00a0<\/span><\/p>\n<p>Source: <a href=\"https:\/\/247wallst.com\/special-report\/2022\/03\/01\/countries-where-taxes-most-effectively-close-the-income-gap-2\/\" target=\"_blank\" rel=\"noopener\">Read Full Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Income inequality has become a major topic of political discourse all over the world, particularly since the COVID-19 pandemic began. Many governments adopted aggressive stimulus [&#8230;]<\/p>\n","protected":false},"author":3,"featured_media":125725,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.7 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Countries Where Taxes Most Effectively Close the Income Gap - Fin2me<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/fin2me.com\/business\/countries-where-taxes-most-effectively-close-the-income-gap\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Countries Where Taxes Most Effectively Close the Income Gap - Fin2me\" \/>\n<meta property=\"og:description\" content=\"Income inequality has become a major topic of political discourse all over the world, particularly since the COVID-19 pandemic began. 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Many governments adopted aggressive stimulus [...]","og_url":"https:\/\/fin2me.com\/business\/countries-where-taxes-most-effectively-close-the-income-gap\/","og_site_name":"Fin2me","article_published_time":"2022-03-02T02:41:25+00:00","author":"Mark","twitter_card":"summary_large_image","twitter_image":"https:\/\/fin2me.com\/wp-content\/uploads\/2022\/03\/Countries-Where-Taxes-Most-Effectively-Close-the-Income-Gap.jpg","twitter_misc":{"Written by":"Mark","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/fin2me.com\/business\/countries-where-taxes-most-effectively-close-the-income-gap\/","url":"https:\/\/fin2me.com\/business\/countries-where-taxes-most-effectively-close-the-income-gap\/","name":"Countries Where Taxes Most Effectively Close the Income Gap - Fin2me","isPartOf":{"@id":"https:\/\/fin2me.com\/#website"},"datePublished":"2022-03-02T02:41:25+00:00","dateModified":"2022-03-02T02:41:25+00:00","author":{"@id":"https:\/\/fin2me.com\/#\/schema\/person\/ad0e9920e03d3b41c7ad02a18375d76a"},"breadcrumb":{"@id":"https:\/\/fin2me.com\/business\/countries-where-taxes-most-effectively-close-the-income-gap\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/fin2me.com\/business\/countries-where-taxes-most-effectively-close-the-income-gap\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/fin2me.com\/business\/countries-where-taxes-most-effectively-close-the-income-gap\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/fin2me.com\/"},{"@type":"ListItem","position":2,"name":"Business","item":"https:\/\/fin2me.com\/category\/business\/"},{"@type":"ListItem","position":3,"name":"Countries Where Taxes Most Effectively Close the Income Gap"}]},{"@type":"WebSite","@id":"https:\/\/fin2me.com\/#website","url":"https:\/\/fin2me.com\/","name":"Fin2me","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/fin2me.com\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/fin2me.com\/#\/schema\/person\/ad0e9920e03d3b41c7ad02a18375d76a","name":"Mark","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/fin2me.com\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/39b72719fb75a2d3c7d7695026648602?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/39b72719fb75a2d3c7d7695026648602?s=96&d=mm&r=g","caption":"Mark"}}]}},"_links":{"self":[{"href":"https:\/\/fin2me.com\/wp-json\/wp\/v2\/posts\/125726"}],"collection":[{"href":"https:\/\/fin2me.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/fin2me.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/fin2me.com\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/fin2me.com\/wp-json\/wp\/v2\/comments?post=125726"}],"version-history":[{"count":0,"href":"https:\/\/fin2me.com\/wp-json\/wp\/v2\/posts\/125726\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/fin2me.com\/wp-json\/wp\/v2\/media\/125725"}],"wp:attachment":[{"href":"https:\/\/fin2me.com\/wp-json\/wp\/v2\/media?parent=125726"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/fin2me.com\/wp-json\/wp\/v2\/categories?post=125726"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/fin2me.com\/wp-json\/wp\/v2\/tags?post=125726"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}