Explain Thomas Hobbes' view that favors consumption as the best tax
What will be an ideal response?
He argued that people should pay taxes in accordance with "what they actually take out of the pot, not what they leave in." The standard of living, the argument goes, depends not on income but on how much income is spent.
Economics
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The return to owners for innovation and risk taking is a firm's
a. economic profit after taxes b. total revenue c. total opportunity cost d. total implicit cost e. money profit after taxes
Economics
Using a flow chart, illustrate the effects of a decrease in government spending (G) in a country with floating exchange rates and highly mobile international capital.
What will be an ideal response?
Economics