2.06A What type of taxes would you impose?

Ladies and gentlemen, as a candidate who wants to lead our nation, I present to you a
taxation plan aimed at fostering economic equity and national prosperity. My administration
will implement a progressive tax system, where individuals with higher incomes contribute a
larger proportion of their earnings compared to those with lower incomes. This approach
ensures that the burden of taxation is distributed fairly, aligning with principles of social
justice and equal opportunity. Additionally, we will refrain from imposing taxes on essential
goods such as groceries and basic healthcare services, recognizing the importance of
affordability in meeting fundamental human needs.

Furthermore, my taxation plan will include a tax on luxury items and goods, targeting
expenditures that primarily benefit the affluent segments of society. By taxing luxury goods,
we can generate additional revenue streams while also mitigating income inequality. In terms
of investments, while we acknowledge the importance of fostering a conducive environment
for economic growth, we will implement moderate taxation on investment income to ensure
that wealth accumulation is not solely concentrated among the wealthiest individuals. This
balanced approach to taxation is rooted in the belief that economic prosperity should be
shared equitably among all citizens, regardless of their socio-economic status. As an
example of how the tax revenue will be utilized, a significant portion will be allocated towards
improving access to education and healthcare for all citizens, thus empowering individuals to
realize their full potential and contribute meaningfully to the nation's development. Through
these measures, we aim to build a more inclusive and prosperous society where every
citizen has the opportunity to thrive.