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A likely outcome from taxing the rich at a high percentage in order to ________ income, would be discouraged entrepreneurship and work

Sagot :

abhaydwive123

Taxing the rich at a high rate to earn income can kill entrepreneurship and the desire to work. flat. Redistribute. thrust.

You no longer approach your business from a place of strength and faith, but from a place of fear and hesitation. But... you can go back. Discouragement can turn into courage again.

Entrepreneurship creates new demands and new markets. Entrepreneurship prevents all forms of competition. Entrepreneurial activity has a domino effect on Filipinos, communities and the Philippine economy. All business people are entrepreneurs.

Time management. Time management may be the biggest problem for many (and possibly all) hat-wearing entrepreneurs. With more time, we could have accomplished a lot more

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sakshigupta4990

A likely outcome of taxing the rich at a high percentage in order to redistribute income would be discouraged entrepreneurship and work

In an economy, some people earn a very high level of income whereas some earn a very low level of income. As such inequality in income exists. The richer section of the society is taxed at a higher percentage to redistribute the income in the economy. Redistribution of income means the transfer of income and wealth from the rich to the poor.

The rich people are taxed more so that more revenue is generated by the government from these people and more money can be spent for the overall economic development so that each and every individual benefits from that development. But by taxing the rich higher, they are discouraged to work and take up entrepreneurship because as their income will increase, more will be the tax percentage.

Learn more about entrepreneurship at

https://brainly.com/question/353543

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