Since achieving a balance between equity and efficiency can be quite challenging, what approaches or strategies do you believe could aid in designing a federal tax system that is both equitable and efficient? I anticipate your response and hope to contribute in a similar manner in our other shared class.an efficient economic system people would choose between chocolate chip cookies and oatmeal cookies based on their own personal tastes and the costs of these products. If policymakers imposed a tax on chocolate chip cookies but not on oatmeal cookies the result would be that people would now factor taxes into their choice about which type of cookie to consumeand possibly end up consuming the less desirable cookie because it was cheaper