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What are the principles that guiding the government to manage the public finance? Why is it important for the government to keep a substantial reserve?

What are the principles that guiding the government to manage the public finance?

Why is it important for the government to keep a substantial reserve?

How to evaluate a tax system in different aspects?

A tax is progressive if the average tax rate increases for those with higher income or higher wealth

A tax is regressive if the average tax rate decreases for those with higher income or higher wealth

A tax is proportional if the average tax rate is the same for people with different income or wealth

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