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Suppose Jack earns $1000 per month and Jill earns $11000 per month Suggest a proportional tax on income that would be accepted by majority vote and would pay for the security

Refer to Problem 6. Suppose Jack earns $1,000 per month and Jill earns $11,000 per month. a. Suggest a proportional tax on income that would be accepted by majority vote and would pay for the security guard. b. Suppose instead that Jack proposes a tax scheme under which Jack and Jill would each receive the same net benefit from hiring the guard. How much would Jack and Jill pay now? Would Jill agree to this scheme? c. What is the practical problem that prevents ideas like the one in part b from working in real-life situations?

Apr 03 2020 View more View Less

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