I need help finding an article that discusses the circular flow of goods and services. Please help me summarize the article's main points. Then, I need to find one source that disagrees with the article's position---highlight why. Include your opinion on the matter.
Please include the reference info. for the articles found so that I can read and understand the issues. I must not be grasping this topic as I have searched through tons of articles yet haven't found any conflicting points highlighted --- or at least don't understand enough what i am looking for to know if I have found them. Can you please help me understand?
The Institute for Policy Innovation has published a report on how the circular flow model can be used to analyze the efficiency of the tax system. It is available here:
In conclusion, the authors state that marginal tax rates that exceed average rates deter growth without bringing any additional revenue. They suggest that a more efficient taxation method would lessen taxation on capital, increasing it on labor if necessary.
Many countervailing opinions could be found. Generally, reduction of taxation of capital is viewed as lowering taxes on the wealthy, who generally control the means of production. Therefore, ...