Who was correct professor bradford or his correspondent

Reference no: EM131500362

Question: In January 2003, the late Professor David Brad-ford told a New York Times reporter that a consumption tax discourages work effort. Shortly thereafter, he received the following e-mail: "Since when is a tax on consumption a disincentive to work? This sort of specious reasoning ran amok in this article. I laughed as I saw it was labeled `Economic Analysis." Who was correct, Professor Bradford or his correspondent? Justify your answer using either an arithmetic or algebraic argument. [Hint: Bradford was right.]

Reference no: EM131500362

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