The Ramsey Problem deals with optimizing these, while Henry George proposed only using these on unimproved land.
The Ramsey Problem deals with optimizing these, while Henry George proposed only using these on unimproved land. The Tobin type is intended to prevent short-term currency exchange, while the Pigovian type leads to economic efficiency, which is odd because most of these decrease social welfare with a wedge-shaped deadweight loss. When these are applied on a specific good, the burden of these falls on the participant with the lowest elasticity. A progressive type of these is based on income and is allowed by the 16th Amendment. For 10 points, name these charges used by the government to raise revenue.
The Ramsey Problem deals with optimizing these, while Henry George proposed only using these on unimproved land.
taxes [accept taxation] 