Dscuss one application of public choice and taxation & intro macro from a business or a newspaper article

Application Examples 1. A regressive tax takes a higher percentage of income from low-income earners than from high income earners. Sales taxes and user fees are the most common regressive tax. As an example, if a person with $50 in income pays'S dollars in gasoline tax, it is 10% of his income in taxes. But the person making $500, paying 5 dollars in gas taxes is only paying 19% of his income in this tax. Even though the tax may be consistent for both payers, the person with $50 in income is affected more because a larger percentage of income is being taken. 2. Reading about the concept of Real GDP was interesting. Being from Mexico, I have always wanted to understand how my country with so many natural resources and riches and immense population growth struggled with providing the standard of living that it can and it should provide to its citizens. Mexico has experienced modern economic growth and today it's the 16th largest economy in the world. In 2016 Mexico had a 2.3% GDP growth rate. My observation is that even though the economy is growing in Mexico, government has stifled greater growth due to it's Inability to achieve private sector investment and because of corruption