Question: (24) Which statement is an argument against a tax system that encourages savings? that individuals know better that the government how much to save that

(24) Which statement is an argument against a tax system that encourages savings?

that individuals know better that the government how much to save

that saving is not an important determinant of a nation's ability to produce output

that rich people would bear the burden of such a tax system

that such a tax system would increase inequality

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Economics Questions!

Q:

A restaurant manager has estimated that the price elasticity of demand for meals is 2. If the restaurant increases menu prices by the number of meals sold to decrease by _ _ and total revenue to A....

Q:

Pretty simple just answer the questions below its only 2 of them attached are the reference materials you'll need to site apa style format from Chapter 11: 11.2 #2 (p. 276) Also answer this question...

Q:

Why is it important for us to understand how the global system of financial institutions and markets works? ros57395_ch01.qxd 12/21/04 2:45 PM Page 1 Part 1 The Global Financial System in Perspective...

Q:

please read and answers the questions 1. What was the most interesting thing in the chapter to you? Why? 2. What in the chapter were you able to directly relate to your own communication...

Q:

Prof. Patterson Law, Business & Society, Spring 2017 Writing Assignment No. 1 - Hobby Lobby Due Date: Monday, Feb. 13 by 11:55 pm, via Turnitin on NYU Classes You are a young lawyer working for a...

Q:

Please analyze and contrast the Introduction and Literature Review of the articles below. Paul Krugman by Jason Briggeman30 Paul Krugman (1953-) was raised on Long Island "in a safe middle-class...

Q:

6 | Consumer Choices Figure 6.1 Investment Choices Higher education is generally viewed as a good investment, if one can afford it, regardless of the state of the economy. (Credit: modification of...

Q:

I need help on the Boulder Public School Case Study . There are three questions asked at the end of the case study. HBSP Product Number TCG239. Rev. Oct. 2015 THE CRIMSON PRESS CURRICULUM CENTER THE...

Q:

*** There is the lecture for following to answer three questions :? PROPOSALS TO RAISE THE AVERAGE U.S. HOUSEHOLD SAVINGS RATE: Before we launch into a discussion about various proposals to raise the...

Q:

This is the lecture, please follow to answer all question in the picture below: FORCES, EVENTS, REASONS BEHIND THE DROP IN THE U.S. HOUSEHOLD SAVINGS RATE: earlier, we examined the potential harms of...

Q:

To ascertain the number of tellers needed during peak hours of operation, data were collected by an urban bank. Four tellers were studied during three "busy" times,(1) Weekdays between 10:00 and...

Q:

Consider the formula b = r(sy/sx) that expresses the slope in terms of the correlation. Suppose the data are equally spread out for each variable. That is, suppose the data satisfy sx = sy. Show that...

Q:

Why might too much leverage be a problem for an investment bank? Group of answer choices Leverage magnifies profit, but it also magnifies loss. Too much leverage cannot be a problem for an investment...

Q:

1.What should the TBSL team do? What do they stand to gain through mass media TV advertising? What do they stand to lose? What about maintaining their current strategy? What gains and losses do you...

Q:

10. What is meant by the statement, it is the expectation that something will happen that creates actions?.

Q:

8. Why do we select some facts and not others when we want to communicate something to others?

Q:

6. How can hidden knowledge guide our actions?