This topic contains a solution. Click here to go to the answer

Author Question: According to the fair rules view of fairness, are taxes fair? Explain. What will be an ideal ... (Read 143 times)

LCritchfi

  • Hero Member
  • *****
  • Posts: 519
According to the fair rules view of fairness, are taxes fair? Explain.
 
  What will be an ideal response?

Question 2

Suppose that the government wants the burden of the cigarette tax to fall equally on buyers and sellers and declares that a 1.00 tax be imposed on each. Is the burden of the tax shared equally? Why or why not?
 
  What will be an ideal response?



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

C.mcnichol98

  • Sr. Member
  • ****
  • Posts: 314
Answer to Question 1

Taxes are unfair according to the fair rules view because they are an involuntary transfer of private property. While most economists and most people support fair taxation, there is little agreement on what constitutes a fair tax.

Answer to Question 2

Not necessarily. A tax has the same effect regardless of whether it's imposed on buyers or sellers. The division of the burden of a tax between buyers and sellers depends on the elasticities of demand and supply, not on the tax law.




LCritchfi

  • Member
  • Posts: 519
Reply 2 on: Jun 29, 2018
Thanks for the timely response, appreciate it


ultraflyy23

  • Member
  • Posts: 312
Reply 3 on: Yesterday
Gracias!

 

Did you know?

Approximately 70% of expectant mothers report experiencing some symptoms of morning sickness during the first trimester of pregnancy.

Did you know?

Everyone has one nostril that is larger than the other.

Did you know?

Although not all of the following muscle groups are commonly used, intramuscular injections may be given into the abdominals, biceps, calves, deltoids, gluteals, laterals, pectorals, quadriceps, trapezoids, and triceps.

Did you know?

Human neurons are so small that they require a microscope in order to be seen. However, some neurons can be up to 3 feet long, such as those that extend from the spinal cord to the toes.

Did you know?

Atropine, along with scopolamine and hyoscyamine, is found in the Datura stramonium plant, which gives hallucinogenic effects and is also known as locoweed.

For a complete list of videos, visit our video library