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Why was the creation of new taxes ineffective in bringing the government out of debt?
The creation of new taxes often proved ineffective in reducing government debt because they can stifle economic growth, leading to reduced tax revenues. Additionally, increased taxation may result in public resistance or tax evasion, further limiting the expected revenue. Moreover, if government spending continues to outpace income, even higher taxes won't solve the underlying fiscal imbalance. Ultimately, without comprehensive reforms in spending and economic policy, new taxes alone cannot effectively address debt issues.
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Why was the creation of the new taxes ineffective in bringing the government out of debt?
The creation of new taxes can be ineffective in reducing government debt if the tax base is too narrow or if economic growth remains stagnant, limiting revenue generation. Additionally, increased taxes may discourage consumer spending and investment, potentially leading to lower overall economic activity. Moreover, if the government does not manage spending effectively or prioritize debt reduction, the additional revenue may not significantly impact the overall debt levels. Lastly, public resistance to new taxes can lead to political pushback, undermining the intended fiscal benefits.
What did the patriots think about taxes?
What do you think about taxes? If we are to have a government at all, then taxes are necessary to keep the burden of government in motion. Preferable slow grinding motion. The more taxes paid a government the bigger that government will become. The bigger a government becomes the more taxes needed to sustain it. The more taxes imposed to sustain the big government will make the government even bigger and even more taxes will be required to...
What did Federalists think was essential for the government to do?
Federalists thought it was essential for the government to enforce taxes
The branch of government responsible for collecting taxes is?
The branch of government that is responsible for collecting taxes is the executive branch. Specifically, it is the IRS, which is under the Department of the Treasury, who collects taxes.
What was the Creation of the National Bank?
this event help keep the money of the people in order so they could also get taxes of people who owed taxes.
Why was the creation of the new taxes ineffective in bringing the government out of debt?
The creation of new taxes can be ineffective in reducing government debt if the tax base is too narrow or if economic growth remains stagnant, limiting revenue generation. Additionally, increased taxes may discourage consumer spending and investment, potentially leading to lower overall economic activity. Moreover, if the government does not manage spending effectively or prioritize debt reduction, the additional revenue may not significantly impact the overall debt levels. Lastly, public resistance to new taxes can lead to political pushback, undermining the intended fiscal benefits.
What major power did the Articles of Confederation lack how did this make the government ineffective?
To collect taxes, as opposed to simply levying them.
What did the patriots think about taxes?
What do you think about taxes? If we are to have a government at all, then taxes are necessary to keep the burden of government in motion. Preferable slow grinding motion. The more taxes paid a government the bigger that government will become. The bigger a government becomes the more taxes needed to sustain it. The more taxes imposed to sustain the big government will make the government even bigger and even more taxes will be required to...
Can the government levy taxes on churches?
The government cannot levy taxes on churches. Churches do not have to pay taxes to the government; they are tax exempt.
Why were he American Articles of Confederation innefective?
The American Articles of Confederation were ineffective primarily due to their lack of a strong central government, which left the national government unable to levy taxes, regulate trade, or enforce laws. This weakness led to financial instability and difficulties in addressing interstate disputes. Additionally, the requirement for unanimous consent to amend the Articles made it nearly impossible to adapt to changing circumstances. Ultimately, these limitations prompted the creation of the U.S. Constitution.
Why does government need taxes?
the government need taxes to keep the country running
How does government get its funding?
It called taxes. The government taxes tins of stuff for its funds.
Who was paid taxes and to whom in french revolution?
There was no complete government to pay taxes to and no laws about taxes to the near non-extistant government.
What are taxes?
Taxes are money that gets paid to the government.
Where do your taxes go to?
The taxes go to the government for them to spend.
What things dose the government collect income taxes?
Why dose the government collect income taxes
How does the government get paid?
the government are paid with our taxes
