Taxation, Finance, Tax incidence
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Taxation, Finance, Tax incidence


  • College
  • 783

Short excerpt:

Today, we live in the age of globalization. The concept of freedom is critical to the materialization of a global society. No freedom is viable without economic freedom. The world has witnessed the failure of the planned economy with the fall of the former USSR. However, certain features of planned economy are still visible in the form of socio-political interventions that take place in the mixed economy capitalism. From the perspective of the American capitalist democracy, such policy interventions by the government are dangerous. Imposing more tax on the people with more income and assets is a similar policy intervention on the part of the government, which can hardly be justified.

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