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persuasive essay relating to ss - Coggle Diagram

- - - - facts/example2: High levels of income inequality are linked to economic instability, financial crisis, debt and inflation.
      - facts/example3:Inflation can lead to higher consumer prices which especially harms lower income households, low imports, tax increasing, inefficient government spending, and higher interest rates,
      - facts/example1:now it should be relatively obvious on why the government would want to prevent income inequality and especially inflation but why don't we elaborate on that more.
    - - facts/example2: public satisfaction is a obvious one, the government could gain credibility and favourability from the public if they execute the plans well.
      - facts/example3: an increase in pay, and wages will also be able to give leeway to tax increases.
      - facts/example1:now what are some other reasons for using the possible solutions in order to encourage the government(other than solving the above problems of course)?
    - - facts/example2:an option more focused to income inequality alone could be, 1. a higher tax rate on billionaire and the like – its unlikely that a slight increase in tax for the wealthy would harm them, but an increased tax on impoverished may greatly effect their lives. 2. a public infrastructure improvement – using this can help improve productivity of the general public. 3. as a last resort the government can act as employers
      - facts/example3:an option more focused to inflation alone could be, 1. a Monetary policy – Higher interest rates reduce demand in the economy, leading to lower economic growth and lower inflation. 2. a Supply-side policies – policies to increase the competitiveness and efficiency of the economy, putting downward pressure on long-term costs. 3. a Fiscal policy – a higher rate of income tax could reduce spending, demand and inflationary pressures.
      - facts/example1:to start off we will be sing the possible solutions the government has on the table in order to deal with the problems of income inequality and inflation. one such option is increasing wages, doesn't have to just be minimum could be all wages at once, this can be done to compensate for inflation and if you do increase minimum, and living wages you could also help deal with income inequality