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Author Question: Thomas Hobbes argued for a tax on consumption instead of on income because (Read 26 times)

nautica902

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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
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Marked as best answer by nautica902 on Apr 19, 2019

kxciann

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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.
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nautica902

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Reply #2 on: Apr 19, 2019
Excellent


kxciann

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Reply #3 on: Apr 19, 2019
Great! Please up vote :D


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