Say you earn $200, and the government takes $75 from you in taxes to give to someone

Question:

Say you earn $200, and the government takes $75 from you in taxes to give to someone else.

a. How would you feel about that?

b. What would that transfer likely do to your incentive to work?

c. What would the government transfer of $75 likely do to the incentive to work of the person who receives the payment?

d. Would the effect be different if you voluntarily gave

$75 to someone else? (Austrian)

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question

Microeconomics

ISBN: 9781260507140

11th Edition

Authors: David Colander

Question Posted: