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Wealthy citizens should pay more taxes. Wordy or Concise?

Answer :

Final answer:

The phrase 'Wealthy citizens should pay more taxes' is concise and refers to the idea of a progressive tax system, which proposes wealthier individuals should pay a higher tax percentage.

Explanation:

The statement 'Wealthy citizens should pay more taxes' is concise, not wordy. It puts forth a subjective argument regarding tax policy in a succinct manner. However, it pertains to the concept of a progressive tax system, where wealthier people pay a higher percentage of their income in taxes compared to those with lower incomes. This system is established on the belief that wealthier individuals can afford to pay more, and it helps in reducing the wealth gap between different socioeconomic classes.

For instance, under a flat tax system, a person earning $40,000 and a person earning $1,000,000 both pay the same percentage of their income in taxes. Despite the millionaire paying more in absolute terms, the impact on their lifestyle is significantly lesser than the person earning $40,000, who would have a larger proportion of their income to live on taxed. Thus, a progressive tax system is viewed as a more equitable approach by some people.

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