Externalities, Revenue, Taxes
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Based on grounds of utility and other distributional goals, argue why it is okay for states to use the revenue from taxes on guns and ammunition to spend on public welfare programs and to preserve natural habitats. Apply policy principles in this discussion.
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This solution discusses whether it is okay for states to use the revenue from taxes on guns and ammunition to spend on public welfare programs and to preserve natural habitats. The arguments are made on the grounds of positive versus negative general public utility.
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There are many ways to approach this problem from an economic standpoint. However, it must be seen from both a short-run and long-run perspective.
In regards to utility and distribution, it can be argued that public welfare programs and environmental conservation provide a greater utility to a greater number of people than cheaper guns and ammunition - thus, performing a redistribution of resources through taxing gun owners to subsidize public welfare and ...
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