What do you think is the appropriate level of government to deal with pollution? Does it matter what type of pollution we are considering? Why?
Answer to relevant QuestionsCan you think of examples of negative or positive externalities not mentioned in the text? How does property tax funding of K–12 education create inequality? Consider your response in terms of both the tax rate and the tax base. What can be done to create greater equality? What is the relationship between education and earnings? Does this relationship explain all the earnings differences among various groups? Why or why not? How do housing vouchers work? If we had only so much money for housing assistance, what would be the best way to assist low-income families? Explain how Social Security taxes are regressive. Remember that regressivity does not mean that the low-income person pays more actual tax, but that he or she pays more tax as a percentage of his or her income. How could the ...
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