Essay on Model Economic System Essay Examples - Essay Prowess

Essay on Model Economic System Essay Examples

Essay on Model Economic System Essay Examples

Vision of a model economic system

In my view, a model economic system is one that combines both socialism and capitalism aspects. The milestone to a rising economy in my estimation would be safeguarding of the middle class. To maintain a healthy middle class, the government should increase taxation on the affluent persons in the society (Schumpeter 13). Moreover, the “carried interest” system enables the rich persons to remit taxes less than 20 percent per year on average. Such persons are generating huge amount of income but they pay less amount of taxes. Subsequently, the number of middle class in the country reduces. Therefore, by rai

Activate subscription to View the Whole Post