A government can use a "wealth tax" to:

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AIncrease the income tax rates for all citizens.

BGenerate revenue from the net worth of wealthy individuals.

CReduce the overall tax burden on corporations.

DFund social welfare programs by taxing luxury goods.

Answer:

A wealth tax is a tax on an individual's net worth, including assets like property, stocks, and bonds, usually levied annually.

Related Questions:

Which of the following statements accurately describe relative poverty?

Relative poverty is typically observed in high-income countries.
It describes a situation where people cannot maintain a living standard equivalent to others in their society.
Relative poverty is primarily concerned with an absolute lack of basic necessities like food and shelter.

What are the reasons for poverty in Kerala?

Poor people belonging to marginalized communities struggle to find proper employment.
Economic opportunities in Kerala are abundant for all educated professionals.
Regions with fewer educational institutions and hospitals have a higher proportion of people below the poverty line.
Rural Kerala reports lower poverty rates than urban areas.