Current progressive income tax in the u.s.
Problem: How would income distribution and resource use change if a flat-rate tax on comprehensive income were substituted for the current progressive income tax in the U.S.?
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Suppose you were appointed economic adviser to a less-developed nation in Africa. The nation seeks to encourage capital formation and wants to increase the rate of saving of its own residents and encourage foreigners to invest in their nation.
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How would income distribution and resource use change if a flat-rate tax on comprehensive income were substituted for the current progressive income tax in the U.S.?
Do incumbent politicians use their power and influence to get re-elected? Is this a "valid" use of political power? How does this impact business firms? Please discuss these questions.
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Select five innovations associated with the Industrial Revolution and five innovations from the Technological Revolution. For each innovation, identify the effects it had on individuals, societies, businesses, and politics.
Question 1: Why is rising per capita income necessary but not sufficient for broadly reducing poverty and improving human welfare? Question 2: Discuss some of the strategies advanced for the reduction of poverty in developing countries.
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