Question: Why does the saying No taxation without representation make sense for public goods but not private goods? Explain the mechanisms by which individuals can protest

Why does the saying "No taxation without representation" make sense for public goods but not private goods? Explain the mechanisms by which individuals can "protest" against
(a) Taxes that are thought excessive to pay for defense spending,
(b) Tolls that are thought excessive to pay for a bridge, and
(c) Prices that are thought excessive for an airline flight from New York to Miami.

Ma jor Expenditure Categories for Federal Government Federal spending, 2009 (, billion) Budget category Health care National def ense Social security Income security Natural resources and environment International affairs 713 675 649 401 36 38

Step by Step Solution

★★★★★

3.53 Rating (173 Votes )

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock

Unlike a private good where you must reveal your prefer... View full answer

Question Has Been Solved by an Expert!

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

Step: 2 Unlock

Step: 3 Unlock

Document Format (1 attachment)

673-B-E-M-E (4069).docx

120 KBs Word File

Students Have Also Explored These Related Economics Questions!

Some argue that if online retailers are required to collect and pay sales taxes in jurisdictions in which they have no physical presence, they have no democratic way to fight high taxes in those...

The following questions are used in the Kaplan CPA Review Course to study the environment and theoretical structure of financial accounting while preparing for the CPA examination. Determine the...

Consider the audit procedure to obtain a representation letter from the client at the end of the audit. The staff accountant on the engagement questions the necessity for this procedure, saying,...

please answer the questions in last picture by reading above data in 250 words ASAP When I hear businessmen speak eloquently about the "social responsibilities of business in a free-enterprise...

Answer questions based on the readings. 1) What is the social responsibility of business? Also briefly explain what he meant by "hypocritical window dressing." 2) Summarize Lubber's argument. The...

IVIILIUN FHItUMAN hen I hear businessmen speak eloquently about the \"social responsibilities of busi- ness in a free-enterprise system,\" I am reminded of the wonderful line about the Frenchman who...

please Answer the all 3 questions 1. Name TWO key events that, in your opinion, were the most important in sharpening the divisions between Great Britain and the colonists in the late 1760s and early...

I'm willing to take this before the 19th of may. PROFESSIONAL ISSUES When a company looks too good to be true, it usually is. ; i - I The Rise and Fall of Enron BY C. WILLIAM THOMAS f you''re like...

Hi, I've talked to you earlier that you know the answers for the Enron case. Is it possible to get this done by afternoon of Wednesday at best. If not I'm also willing to take this on a Friday....

Watch the following video: https://www.youtube.com/watch?v=A7gZHzNQXBA Read the following articles and answer these questions: 1) Regarding SDGs, do you think the goals are achievable? If yes,...

Ammeltz Sdn Bhd has appointed you as the management accountant. Ammeltz has just installed a management accounting information system. The purpose of the system is to provide relevant information for...

The following account balances are available from the ledger of Yutao Shui Corporation on December 31, 2011: Common Shares (20,000 shares authorized and outstanding) .....$1,000,000 Retained Earnings...

Which of the following transactions would cause a company s current ratio to decrease? Correct Answer Purchasing a two year bond You Answered Receiving cash from a customer after services have been...

What is marginal product? What does it mean if marginal product is diminishing?

1- (10 points) Demonstrate the correctness of Dekker's algorithm Show that mutual exclusion is enforced. Hint: Show that when Pi enters its critical section, the following expression is true a....

A U . S . mutual fund has invested in a portfolio of British stocks. However, it does not wish to be exposed to exchange rate risk. a . Is the fund exposed to the risk that $ / rate will rise or...

Consider the following bonds: . What is the percentage change in the price of each bond if its yield to matu from 6.0% to 5.0% ? The price of bond A at 6.0% YTM per $100 face value is $. (Round to...