What Is the Most Important Tax Policy Challenge?

What is the most important tax policy challenge, link the video to tax. What challenge? Purpose?

Frame it as one of the most important of your perspective. Make use by the arguments u used for it.

PART A

Income inequality is a serious rising problem in many countries. The tax policy challenge lies in what level of progressive tax system is going to fix this issue? It depends on the factors that drive inequality and the costs of taxation. Richard Wilkinson states the correlations between healthy communities with lower income disparities. The challenge ties into implementing efficient tax-breaks that won’t reduce the progressivity of the system, monitoring loopholes and tax cheats and providing high quality affordable education. That will in turn will educate society of the effects of income inequality and support and improve the progressive tax system.

PART B

"The Star." Ways to End Poverty in Canada. Web.

https://www.thestar.com/opinion/commentary/2015/01/05/three_ways_to_end_poverty_in_canada.html

 Beeghley, Leonard. "Income Transfers and Income Inequality." Population Research and Policy Review 

http://www.taxpolicycenter.org/sites/default/files/alfresco/publication-pdfs/413067-Taxes-and-Inequality.PDF

These sources provide a global and a Toronto based perspective of the effects of income inequality. It breaks down progressive taxes and the productive and counterproductive effects on different earning classes. It provides an explanation of how better tax systems, education and basic income plans can reduce this growing problem.

PART C

Our most important tax policy challenge is the income inequality in Canada. As Richard Wilkinson states the correlations between healthy communities with lower income discrepancies. The growth in inequality is being driven by an accumulation of wealth among the very top income earners, while the middle class lower income earners remain stagnate and the bottom 20% face growing economic and social problems.  The challenge lies in reducing the earnings difference with progressive taxes for higher income earners, implementing efficient tax-brakes, monitoring loopholes and tax cheats, updating data on the income gap, and providing high quality affordable education. 

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