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 153 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
:D TYSM


upturnedfurball

  • Member
  • Posts: 334
Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

 

Did you know?

A serious new warning has been established for pregnant women against taking ACE inhibitors during pregnancy. In the study, the risk of major birth defects in children whose mothers took ACE inhibitors during the first trimester was nearly three times higher than in children whose mothers didn't take ACE inhibitors. Physicians can prescribe alternative medications for pregnant women who have symptoms of high blood pressure.

Did you know?

Approximately 15–25% of recognized pregnancies end in miscarriage. However, many miscarriages often occur before a woman even knows she is pregnant.

Did you know?

About 80% of major fungal systemic infections are due to Candida albicans. Another form, Candida peritonitis, occurs most often in postoperative patients. A rare disease, Candida meningitis, may follow leukemia, kidney transplant, other immunosuppressed factors, or when suffering from Candida septicemia.

Did you know?

The horizontal fraction bar was introduced by the Arabs.

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.

For a complete list of videos, visit our video library