Reread footnote 87, an excerpt from Dr. Shoups book on public finance. Do you agree with Dr.

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Reread footnote 87, an excerpt from Dr. Shoup’s book on public finance. Do you agree with Dr. Shoup’s last sentence in that footnote? Try to construct examples or point to examples in the reading. How does this analysis mesh with the effect of exemptions (especially the small business exemption) under the Japanese Consumption Tax?

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