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 83 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?

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?

Amphetamine poisoning can cause intravascular coagulation, circulatory collapse, rhabdomyolysis, ischemic colitis, acute psychosis, hyperthermia, respiratory distress syndrome, and pericarditis.

Did you know?

Everyone has one nostril that is larger than the other.

Did you know?

The toxic levels for lithium carbonate are close to the therapeutic levels. Signs of toxicity include fine hand tremor, polyuria, mild thirst, nausea, general discomfort, diarrhea, vomiting, drowsiness, muscular weakness, lack of coordination, ataxia, giddiness, tinnitus, and blurred vision.

Did you know?

Asthma-like symptoms were first recorded about 3,500 years ago in Egypt. The first manuscript specifically written about asthma was in the year 1190, describing a condition characterized by sudden breathlessness. The treatments listed in this manuscript include chicken soup, herbs, and sexual abstinence.

China’s 8% annual increase in oil consumption China’s 8% annual increase in oil consumption
Global Stratification: Income of the World's Nations Global Stratification: Income of the World's Nations
U.S. Energy Consumption U.S. Energy Consumption
Globalized Consumption Globalized Consumption
Global energy consumption is rising rapidly Global energy consumption is rising rapidly
Simultaneous Determination of Income and Modernization Simultaneous Determination of Income and Modernization
Video: ribosome

For a complete list of videos, visit our video library