In Chapter 35, you learned that a variety of important fiscal policies. Suppose the state of California is considering a substantial increase in taxes in the year of 2020. Based on this scenario, develop a two-page essay, by answering the following questions.

1. Under what circumstance(s) would U.S. consumers and producers in California benefit from an increase in taxes in 2020?
2. Under what circumstance(s) would U.S. consumers and producers in California lose from an increase in taxes in 2020?
3. Is there any biblical principle you can identify based on your discussions from section 1 and 2?