Inequality increased substantially in many countries from the 1990s to the 2010s.Suppose the government wants to reverse this and is considering: (i) higher taxes on high-income (top 1%) individuals, (i) taxing the wealth of high-wealth (top 1%) individuals, (iii) high taxes on large (top 1%) inheritances. As a financial analyst, explain which tax would reduce inequality most effectively and with the least adverse impact on functional efficiency. Explain your reasoning in detail.