Can the "Tax the Rich, Subsidise the Poor" Policy Improve Financial Satisfaction among Malaysians?

• Main Authors: Ling, Meng Chan, Ying, Yin Koay, Chia, Guan Keh, Siu, Eng Tang, Yan, Teng Tan
• Format: Article
• Language: English
• Published: UUM Press 2020
• Subjects: HG Finance
• Online Access: https://repo.uum.edu.my/id/eprint/29283/1/IJMS%2027%2001%202020%2021-47.pdf; https://repo.uum.edu.my/id/eprint/29283/; https://doi.org/10.32890/ijms.27.1.2020.8005

“Tax the rich, subsidise the poor” is deemed one of the typical finance characteristics of democracy and a solution in reducing income inequality. The Malaysian government has also adopted this strategy in its income redistribution policy. Evidently, this strategy can minimise the income gaps at the...