This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Thomas Hobbes argued for a tax on consumption instead of on income because (Read 80 times)

nautica902

  • Hero Member
  • *****
  • Posts: 591
on: Apr 19, 2019

Question 1

Irving Fisher argued for a tax on consumption instead of on income because


◦ the standard of living depends not on income, but on how much is consumed.
◦ consumption is the best indication of ability to pay.
◦ a tax on income discourages saving by taxing savings twice.
◦ a tax on consumption raises more revenue than a tax on income.

Question 2

Thomas Hobbes argued for a tax on consumption instead of on income because


◦ the standard of living depends not on income, but on how much income is spent.
◦ consumption is the best indication of ability to pay.
◦ a tax on income discourages saving by taxing savings twice.
◦ a tax on consumption raises more revenue than a tax on income.
Principles of Economics ¦ Case, Fair, Oster ¦ 12th Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by nautica902 on Apr 19, 2019

kxciann

  • Sr. Member
  • ****
  • Posts: 356
Reply #1 on: Apr 19, 2019
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
Answer Preview
Only 29% of students answer this correctly


nautica902

  • Hero Member
  • *****
  • Posts: 591
Reply #2 on: Apr 19, 2019
Excellent


kxciann

  • Sr. Member
  • ****
  • Posts: 356
Reply #3 on: Apr 19, 2019
Great! Please up vote :D


« previous next »
 

Did you know?

There are actually 60 minerals, 16 vitamins, 12 essential amino acids, and three essential fatty acids that your body needs every day.

Did you know?

The largest baby ever born weighed more than 23 pounds but died just 11 hours after his birth in 1879. The largest surviving baby was born in October 2009 in Sumatra, Indonesia, and weighed an astounding 19.2 pounds at birth.

Did you know?

According to the CDC, approximately 31.7% of the U.S. population has high low-density lipoprotein (LDL) or "bad cholesterol" levels.

Did you know?

Pubic lice (crabs) are usually spread through sexual contact. You cannot catch them by using a public toilet.

Did you know?

Recent studies have shown that the number of medication errors increases in relation to the number of orders that are verified per pharmacist, per work shift.

Race-Ethnicity and Income Extremes Race-Ethnicity and Income Extremes
Ten Leading Causes of Death in Low-Income Countries, 2008 Ten Leading Causes of Death in Low-Income Countries, 2008
How an Increase in Income Inequality Affects the Desired Tax Rate How an Increase in Income Inequality Affects the Desired Tax Rate
Effect of an Exogenous Shift in Income Effect of an Exogenous Shift in Income
Cultural Attitudes Toward Insect Consumption Cultural Attitudes Toward Insect Consumption
E9-23 Prepare income statements Explain the difference in operating income E9-23 Prepare income statements Explain the difference in operating income
Video: Wound Care

For a complete list of videos, visit our video library