ipl-logo

Tax: The Most Effective Way In Internalizing Negative Externality

1061 Words5 Pages
bulb-icon

Recommended: Income inequality and its effects

Chinnawat adisornwattanarom(Meliodas or Ping) 561611035 Economics

Discuss whether tax is the most effective way in internalising negative externality Tax could be the most effective way in internalizing negative externality. First of all, what is tax? Why Is it so effect to many people? And how it’s work. Tax is charging in something most of time it is in a form of money reduction. So what is money, nowadays money are like the flow of life in everything. All basis of life can find by money, food, medicine, place and supply. So where money come from, most of people get money by working no matter is selling goods or any service. And the cost of doing those things is all common, that is time. Because time is the central of law of universal. …show more content…

Because of people instinct is want to be immortal, but because of we can’t so atleast we want to spend time as worth as we can. So instead of use time for money why don’t we use time to do what we want. So sad most of people can’t do that because they didn’t rich enough. And so great that people love what they are working for but that just little society of the world. Here may be we already known how tax is working but if don’t here what it is… As we said that we use time for money because we want more time so, It is very cruel that we going to take time from other people. And it is very painful if we work for something atlast they take from us. Because people don’t want anyone to take time from them so they are afraid to get tax or not if you were rich enough(the same way as you have more time). Many things have price and as we said the true cost of everything is time. And here are example of true cost. Assume that I work 100 hrs for 100 dollars so 1 hour is cost 1 dollar. If 1 instant noodle cup cost 2 dollars it’s mean that I have to spend my 2 hours for that. But if you compare nutrients or taste that you get from it with others like, how about lopster or steak let’s say steak and each one cost 5 dollar which mean 5 hours of you

Show More
Related
601 Words | 3 Pages

It was hard to come by usual only by trade. Parliament intended for the tax to help pay for the debt from the French and Indian War that lasted from 1754 to 1763 and continuing the benefit of the defense from the British

Read More
566 Words | 3 Pages

People may not like taxes but they are used to invest in new Technology, education and public welfare of the people like Medicare, Medicaid, social security, and general protection. They can borrow money but that always affect taxpayers but the money will always be repaid to the lenders but the only way is by raising taxes (Concurrent Powers). Concurrent powers are able to enforce laws, "...law

Read More
271 Words | 2 Pages

The American dream is to be free, for people to speak what they believe, and not be murdered for it. President Reagan, Dierks Bentley, and Neil Diamond are men who are strongly passionate for America and who believe that we should be able to be free. President Reagan was a every passionate man. He was a man who loved america, and not only did he love america, but he loved the people of america. He proves his love for america by repeating freedom numerous times in his speech at Moscow State University.

Read More
426 Words | 2 Pages

The British taxed us so they could get money for weapons soldiers etc. Secondly, the British made the stamp act. The stamp act placed a tax on all printed paper. Third, the British state “without money the government would not be able to function”.

Read More
521 Words | 3 Pages

In the late 1800s, the U.S Treasury Department used sales tax and tariffs to fund its federal budget. A tax or tariffs are funds that are paid to the government that are added when something is bought that is considered valuable. Because of the Civil war, there was a financial burden on the country. In 1861, Congress reacted by implementing taxes on individuals. The first income tax started off by taxing individuals 3% making more than $800, while people who made more than that gave up a larger percentage.

Read More
555 Words | 3 Pages

We must as the question, what is this commonly not doing to make this so cheap? What process is it eliminating? With food one might that that the most important force should be the safety and health of the American citizens, especially in a time where our country is seen by the world as one of the “biggest” and most unhealthy. Price should not be the most important force behind our food

Read More
1764 Words | 8 Pages

A person does not only exist to work, so that others can make money. They can help society without being forced to work against their

Read More
519 Words | 3 Pages

These economic concepts were scarcity and choice and self -interest. The first economic concept of scarcity and choice is seen when the authors discuss money as a limited resource. The limited resources which in this case is money by incomes that cause people to decline health insurance coverage. According to Sered and Fernandopulle, it is an individual’s choice not to get any health insurance because they cannot afford it. Sometimes it comes down to choosing to pay their bills or have proper health coverage.

Read More
779 Words | 4 Pages

France had major taxes. The first was a military tax, that the nobles were not included, because they were expected to fight in the military. There were other taxes, that the nobles had to pay on their farm

Read More
277 Words | 2 Pages

It all started in 1764 when the parliament started putting taxes on items and the colonists didn’t like it. The colonists thought this was unfair because they were getting taxed on out of nowhere. “... So how can the British Parliament place this tax on us?” (Henry,1765).

Read More
322 Words | 2 Pages

I do not agree with David Thoreau’s theory that the amount of time you exchange for something effects the cost of that thing. For instance, a student may really want a new phone and his/her parents will not buy it. This might make the student want it even more. So, the student gets themself a job. It’s going to take time and effort to keep the job and get the amount of money needed.

Read More
147 Words | 1 Pages

The federal tax system is plagued with issues: It doesn 't raise sufficient revenue to back government spending, it is unpredictable, it makes results that are unreasonable, and it impedes monetary productivity. This part examines a few approaches to enhance charges, including making an esteem included duty, expanding natural taxes, improving the corporate expense, treating low-and center pay workers evenhandedly and productively, and guaranteeing suitable tax collection of high-wage family units. A good tax system raises the incomes expected to fund government spending in a way that is as basic, evenhanded, and development well growth as could reasonably be expected. The United States does not have a good tax system.

Read More
1200 Words | 5 Pages

Externalities can be defined as whenever the benefit or cost of consuming a good affects people that are not actually consuming it. They come in two forms: positive and negative externalities. Positive externality can be defined as this occurs when the consumption or production of a good causes a benefit to a third party an example can be education when people go in college because they want to get an education, probably so they can get good jobs, live happy lives, etc. But them getting an education does not just benefit them, it benefits society as well. Some may go on to invent handy products, or come up with important ideas, which everyone else will gain from.

Read More
1195 Words | 5 Pages

Thus, an unpopular tax on a product that produces negative externalities, such as car use that creates environmental damage, may be avoided due to the fact that the government is afraid of losing support from the

Read More
1031 Words | 5 Pages

1. The Tourism industry and Leisure time The time is a very valuable asset, that anyone can ever posses. The time people spend for something is unconsciously defining what is valuable and valueless for them. Few of the main areas, human beings spend time for are leisure and tourism.

Read More

More about Tax: The Most Effective Way In Internalizing Negative Externality

Related Topics

Open Document