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    What's wrong with the following statement? People should be taxed in proportion to the economic benefits they individually receive from spending the tax revenue; therefore, estate taxes should be eliminated, and welfare programs for poverty should be financed by taxing the poor.

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    Solution Preview

    This statement is morally wrong and is a nemesis to the social policy of quasi-socialistic political systems. People should be taxed according to the income they earn and not according to the economic benefits they ...

    Solution Summary

    Effects are noted of tax revenue.