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 27 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?

According to research, pregnant women tend to eat more if carrying a baby boy. Male fetuses may secrete a chemical that stimulates their mothers to step up her energy intake.

Did you know?

Fewer than 10% of babies are born on their exact due dates, 50% are born within 1 week of the due date, and 90% are born within 2 weeks of the date.

Did you know?

Opium has influenced much of the world's most popular literature. The following authors were all opium users, of varying degrees: Lewis Carroll, Charles, Dickens, Arthur Conan Doyle, and Oscar Wilde.

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?

The modern decimal position system was the invention of the Hindus (around 800 AD), involving the placing of numerals to indicate their value (units, tens, hundreds, and so on).

Calcium consumption is essential for all people Calcium consumption is essential for all people
Global Stratification: Income of the World's Nations Global Stratification: Income of the World's Nations
Per capita annual alcohol consumption (2005) Per capita annual alcohol consumption (2005)
Canada Total Energy Consumption by Fuel Type Canada Total Energy Consumption by Fuel Type
Intergenerational Income Mobility in the United States Intergenerational Income Mobility in the United States
Infant mortality by income quintile, urban Canada, 1996 Infant mortality by income quintile, urban Canada, 1996
Video: Nerve Impulse Transmission Animation

For a complete list of videos, visit our video library