Should Governments Tax the Rich and Subsidize the Poor? An Empirical Study of South Korean Opinion

20 Pages Posted: 1 Mar 2018 Last revised: 1 Apr 2018

See all articles by Robert W. McGee

Robert W. McGee

Fayetteville State University - Department of Accounting

Yeomin Yoon

Seton Hall University - W. Paul Stillman School of Business

Date Written: January 10, 2018

Abstract

One question in the most recent World Values Survey asked whether it is an essential characteristic of democratic governments to tax the rich and subsidize the poor. The present study reports the findings of the survey conducted in South Korea. The overall response and relative ranking are discussed, as well as the findings for certain demographic variables, such as gender and age.

Keywords: capitalism, economic inequality, ethics, government, human rights, property rights, redistribution, South Korea, subsidy, tax

JEL Classification: H1, H2, H23, H24, H25, H5, I3, K34, O51, O52, O53, O54, O55, O56, O57

Suggested Citation

McGee, Robert W. and Yoon, Yeomin, Should Governments Tax the Rich and Subsidize the Poor? An Empirical Study of South Korean Opinion (January 10, 2018). Journal of Accounting, Ethics and Public Policy, Vol. 19, No. 1, 2018. Available at SSRN: https://ssrn.com/abstract=3126408

Robert W. McGee (Contact Author)

Fayetteville State University - Department of Accounting ( email )

Fayetteville, NC 28301
United States

HOME PAGE: http://robertwmcgee.com

Yeomin Yoon

Seton Hall University - W. Paul Stillman School of Business ( email )

400 South Orange Avenue
Finance Department
South Orange, NJ 07079
United States
973-761-9229 (Phone)

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