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 35 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?

All adverse reactions are commonly charted in red ink in the patient's record and usually are noted on the front of the chart. Failure to follow correct documentation procedures may result in malpractice lawsuits.

Did you know?

Certain topical medications such as clotrimazole and betamethasone are not approved for use in children younger than 12 years of age. They must be used very cautiously, as directed by a doctor, to treat any child. Children have a much greater response to topical steroid medications.

Did you know?

Elderly adults are living longer, and causes of death are shifting. At the same time, autopsy rates are at or near their lowest in history.

Did you know?

Approximately one in three babies in the United States is now delivered by cesarean section. The number of cesarean sections in the United States has risen 46% since 1996.

Did you know?

Malaria was not eliminated in the United States until 1951. The term eliminated means that no new cases arise in a country for 3 years.

A passenger train crosses Stony Creek Bridge in the Rocky Mountains in 1878. Railroads were importan A passenger train crosses Stony Creek Bridge in the Rocky Mountains in 1878. Railroads were importan
Distribution of the Income of Americans Distribution of the Income of Americans
U.S. Energy Consumption U.S. Energy Consumption
Martha Knowles and Henrietta Thomas Martha Knowles and Henrietta Thomas
Canada Total Energy Consumption by Fuel Type Canada Total Energy Consumption by Fuel Type
How the Distribution of Education Affects the Distribution of Income How the Distribution of Education Affects the Distribution of Income
Video: Otitis Media

For a complete list of videos, visit our video library