0
What else can I help you with?
Why might wealthy people oppose income taxes and poor people oppose sales taxes?
Each opposes the tax that would have the greatest effect on them.
Would it help the economy to increase taxes on the wealthy?
Increasing taxes on the wealthy could help the economy by generating additional revenue for public services and social programs, potentially reducing income inequality. This could stimulate demand as lower-income households tend to spend a larger portion of their income. However, critics argue that higher taxes on the wealthy might discourage investment and savings, potentially hindering economic growth. The overall impact depends on how the generated revenue is utilized and the broader economic context.
Do wealthy people have to deal with scarcity?
Yes, wealthy people can experience scarcity, though it may differ from the scarcity faced by those with fewer resources. For the wealthy, scarcity might manifest in terms of time, attention, or specific luxury goods that are limited in availability. Additionally, they may face pressure to maintain their wealth or meet high expectations, which can create a different kind of scarcity in their lives. Ultimately, while their resources may alleviate many forms of scarcity, it does not eliminate the concept entirely.
Why an increase in income does not necessary mean an increase in welfare of the people?
There are many reasons why this might be the case; one of the simplest is inflation (meaning increase in how much things cost). If the rate of inflation is higher than the rate of increase in income, then you have more money but it buys less.
What is the comparative degree of wealthy?
The comparative degree of "wealthy" is "wealthier." It is used to compare the wealth of two or more subjects, indicating that one has more wealth than the other. For example, you might say, "She is wealthier than her brother."
Why might wealthy people oppose income taxes and poor people oppose taxes?
Each opposes the tax that would have the greatest effect on them.
Why might wealthy people oppose income taxes and poor people oppose sales taxes?
Each opposes the tax that would have the greatest effect on them.
Why might wealthy people oppose income taxes and poor people opposed sale tax?
Income taxes are usually progressive, so would effect the wealthy the most, while sales taxes would have a greater effect on the poor.
What do wealthy people wear?
clothes of course. the wealthy people are not different from all other people around the world. the only difference might be that the wealthy people wear designer clothes for instance.
Which President gave tax breaks to companies and wealthy people?
Only Congress can make changes in the tax code. Until there was an income tax, no individuals were taxed on their incomes, so you might say that all the presidents before Woodrow Wilson gave tax breaks to wealthy people.
why might some people oppose the use of hemp fibres?
they contain traces of cannabis
Who sponsored the gladiator festivities?
The state and wealthy people sponsored gladiator games. A wealthy citizen might sponsor a gladiator game to celebrate or as a tribute to the deceased.
Why do some born again Christians oppose a homogeneous society?
Christians might oppose a homogeneous society, which are groups of people that have common ties with race, ethnic or religious backgrounds, because of the way they were raised and their beliefs.
Is Holland wealthy?
Yes, I think Holland might be wealthy for that part of our world. The people that I have met seem to be well off in their clothing, style and education. Like all places, there will always be poor people if for nothing more than they have made this choice. What is Wealthy, depends on who you talk to and what country you visit.
What are two arguments for those that oppose leveraged buyouts?
give two arguments that those who oppose LBOs might use
Who might oppose the world trade organization?
The United States
Was Saint Benedict's father wealthy?
We know that Benedict's father was a member of the nobility but we do not know how wealthy he might have been.
