Question: Consider the U S supply side policies under President Ronald Reagan and
Consider the U.S. supply-side policies under President Ronald Reagan and President George W. Bush(as discussed in Appendix 15-2), such as cuts in taxes, transfers, and regulations. Do you expect these types of policies to achieve efficiency and economic growth? Do you expect the benefits of these policies to trickle down to all?
Answer to relevant QuestionsDo you think our nation’s output should be distributed according to income or according to some other standard (such as basic human need)? Is it efficient to convert food (corn) into ethanol to burn in our cars and trucks? Would this be economical if the government taxed the use of gasoline and subsidized the use of ethanol? How might the government justify ...Compare the various incentive-based environmental policies to the standards approach. What are the strengths and weaknesses of each? Is it possible to be a member of a minority when, in fact, your group has greater numbers than another group? Can you think of any examples besides the one from the text? What do you think about some of the specific conservative tax policies and proposals, such as replacing the personal income tax with a consumption tax and reducing the capital gains and dividends tax? Do you think these ...
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