The Benefit Principle

  The benefit principle is a way of taxation. This system decides how much to tax depending on how many benefits a person receives from the government. Some people claim that the rich benefit more from the government than the poor because the rich have more things that the government needs to help them protect. … More The Benefit Principle

Public Goods and the Standard of Living

  Public goods are goods that once they are made they can be used by the public at no additional cost (besides occasional maintenance and upkeep), such as: lighthouses, highways, and recreational parks. Often times public goods become confused with private goods. Take, for example, the landscaping and exterior of your house. People who go … More Public Goods and the Standard of Living