Financing the government without taxation

Assignment Help Business Economics
Reference no: EM13974676

Many people believe that we never will create eternal life here on earth, but there are many more people who believe that taxation can be eliminated. Are you one of those people? Discuss some ideas of possibly financing the government without taxation. (Hint: One method might be a national lottery). Keep in mind that some states have already eliminated personal income taxes and some do not have sales taxes.

Reference no: EM13974676

Questions Cloud

Three levels of intervention in substance abuse prevention : For each level, include a description of the target population, the objectives of the intervention, and describe an example of a program.
Calculate any needed security purchases or sales : Given the daily cash flows below (in $1,000s), calculate any needed security purchases or sales and the ending daily balance.
Make as individual investment versus corporate investment : Compare and contrast the investment decisions that you might make as an individual investment versus a corporate investment. Include both the accounting investment aspect and the financial investment aspect (they are different aspects because they bo..
Create a program that asks a user for a number : Create a program that asks a user for a number between 1 and 100, the program should then output to the user higher, lower, or correct, depending upon the input from the user and the random number assigned to the number to be guessed
Financing the government without taxation : Many people believe that we never will create eternal life here on earth, but there are many more people who believe that taxation can be eliminated. Are you one of those people? Discuss some ideas of possibly financing the government without taxatio..
Equilibrium level of income and equilibrium interest rate : Derive the equations for IS and LM curves. Find the equilibrium level of income and the equilibrium interest rate. Suppose government expenditure increases by 50%. Find the equilibrium interest rate and income.
Compute the price and income elasticity of gasoline demand : Compute the price and income elasticity of gasoline demand. Interpret the coefficient on the interaction term before fitting a regression model.
New equilibrium level of income be greater : Two identical countries, Country A and Country B, can each be described by a Keynesian-cross model. The MPC is 0.9 in each country. Country A decides to increase spending by $2 billion, while Country B decides to cut taxes by $2 billion. Find the tax..
Prepare an income statement for the month of june : Prepare an income statement for the month of June. Post the closing entries from the general journal to the relevant ledger accounts.

Reviews

Write a Review

Business Economics Questions & Answers

  Expalin why is the depreciation of capital good a cost

Expalin why is the depreciation of capital good a cost of society

  Either of your countries not benefit from engaging in trade

Set up a Ricardo-type comparative advantage numerical example with two countries and two goods. Distinguish “absolute advantage” from “comparative advantage” in the context of your example. Then select an international terms-or-trade ratio and explai..

  Interested in buying two types of goods

Sam is interested in buying two types of goods, x and y. He can either use all his income to buy 3 units of x and 9 units of y, or 9 units of x and 3 units of y. If he spends all his income on x, how many units can he buy?

  Consumer product safety commission

The Consumer Product Safety Commission is reconsidering a rule it first proposed in 1997 that would require child-restraint caps on household products, including cosmetics. What process must the CPSC follow to promulgate the rules? What do you think ..

  Q1 assume that the reserve requirement is 25 percent if a

q1. assume that the reserve requirement is 25 percent. if a single bank has excess reserves of 500000 explain

  Demand with quasi-linear utility function

Essential Problems in bold: Demand with a quasi-linear utility function. Consider a consumer with the following utility function u(x1, x2) = √x1 + x2. This is an example of a Quasi-Linear utility function. We can see that it is linear in good 2 but n..

  Illustrate what does this theory predict about the term

Illustrate what does this theory predict about the term structure of interest rates in terms of how the yield of long term bonds are related to yields on a sequence of 1 year bonds.

  In equilibrium what wll the total output by the two firms be

Suppose that the market demand curve for bean sprouts is P=880-2Q, where P is the price and Q is total industry output. Suppose that the industry has two firms, a Stackleberg leader and a follower. Each firm has a constant marginal cost of $80 per un..

  Investment expenditures and government purchases

Suppose that consumption expenditures, investment expenditures, and government purchases are 75 billion, 25 billion and 20 billion, respectively. How large should the GDP be so that the net export is zero?

  What MARR does the investment represent

A college graduate with a B.S. in Mechanical Engineering expects to earn, on average, $20,000 per year more than an engineer without a B.S. degree. what MARR does the investment represent? Is it a high or low rate of return compared to, say a student..

  Keynesian theory when should expansionary fiscal policy

According to Keynesian theory when should expansionary fiscal policy be used? How does this change GDP, unemployment and the price level?

  Income is more unequal than distribution of wealth

In the United States, the distribution of income is more unequal than the distribution of wealth. Explain this idea and address how reducing inequality could be a macroeconomic goal. Finally, what insights would Marx provide on understanding why ineq..

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd