A wealth tax can be justified because it
A. helps to correct certain (inevitable) problems that arise in the administration of an income
tax.
B. the higher an individual's wealth, the greater his or her ability to pay, other things -
including income - being the same.
C. reduces the concentration of wealth, which is desirable socially and politically.
D. are payments for benefits that wealth holders receive from government.
E. all of these answer options are correct.
E. all of these answer options are correct.
You might also like to view...
The firm's gain in profit from hiring another worker is
A) the marginal revenue product of the extra worker. B) the extra output of the extra worker. C) the reduction in costs from hiring another worker. D) the difference between marginal revenue product and the wage of the worker.
Using the DD model, explain what happens to out put when Government demands increase. Use a figure to explain when it is taking place
What will be an ideal response?
To protect the cod fishery off the northeast coast of the U.S., the federal government may limit the amount of fish that each boat can catch in the fishery. The result of this public policy is to:
A) shift the cod demand curve to the left. B) shift the cod demand curve to the right. C) shift the cod supply curve to the right. D) shift the cod supply curve to the left.
When the government privatizes a common resource, it does all of the following except:
A. forces the owner to consider all the costs and benefits of their consumption choices. B. creates excludability. C. increases efficiency. D. increases undesirable side effects.