Econ 232, Foldvary, public finance
written assignment 10
Due Nov. 18, 2014
a) 10 pts. Explain why high sales and excise taxes have often resulted in tax revolts, revolutions, political suicide, and even in regicide.
b) 10 pts. Analyze the inter-generational effect of replacing all income taxes with state and federal sales taxes, i.e. how this would affect those who are now or about to be retired and living on pensions, annuities, Social Security, and yields from savings and investments.