9. 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.© BrainMass Inc. brainmass.com October 10, 2019, 12:28 am ad1c9bdddf
The whole idea of taxation system in any country is to increase the overall welfare of the people of the country. In a democratic country every citizen has a right to basic amenities and physical needs such as food, cloths, etc. One of the main objectives of economics is to achieve equity in the ...
The whole idea of taxation system is summarized.