Which policy could help reduce income inequality?

Improving access to quality education helps reduce income inequality by leveling the playing field for individuals from diverse backgrounds. When everyone has the opportunity to receive a quality education, it enhances their skills and knowledge, which increases their employability and earning potential. Education equips individuals with the tools needed to compete effectively in the job market, leading to better job opportunities and higher wages.

Addressing income inequality through education also has broader socioeconomic benefits. A more educated workforce tends to drive innovation, increase productivity, and foster economic growth. Additionally, access to quality education can empower individuals to make informed decisions and improve their overall quality of life, affecting not just their personal circumstances but also contributing positively to society as a whole.

While options like a flat tax rate or increasing trade barriers could have various economic implications, they do not directly target the root causes of income inequality in the same way that improving education does. Encouraging tax evasion also fails to address systemic disparities and could worsen those inequalities in the long term. Therefore, the approach of enhancing educational opportunities stands out as a fundamental strategy for fostering greater income equality.