Income redistribution. (25 marks) Suppose that everyone in the population agrees that R10, 000.00 should be the minimum wage in the economy. To achieve this, a tax rate is levied on all members with a monthly income of at least R15,000.00. Simulate the effect of levying taxes of 10%, 15%, and 20% on income and then redistributing the proceeds to people earning less than R10,000.00