According to the New York Times on July 24, 2011, wealthy families are using private planes to send their kids to summer camp instead of enduring the "arduous logistics" of using a car to get to upstate New York or rural Maine. Blogger Matthew Yglesias commented on the story: "This, needless to say, is why progressive taxation is a good idea. Wealthy people experience a sharply declining marginal utility of money. if this kind of high-end consumption was more heavily taxed with the proceeds used to finance the less fortunate's consumption, overall well- being could be easily enhanced. "Based on this information, which philosophy does Yglesias MOST LIKELY subscribe to? Da. There is not enough information to determine the answer. b.Rawls's maximin principle c. utilitarianism d. Nozick's entitlement theory of justice

According to the New York Times on July 24, 2011, wealthy families are using private planes to send their kids to summer camp instead of enduring the "arduous logistics" of using a car to get to upstate New York or rural Maine. Blogger Matthew Yglesias commented on the story: "This, needless to say, is why progressive taxation is a good idea. Wealthy people experience a sharply declining marginal utility of money. if this kind of high-end consumption was more heavily taxed with the proceeds used to finance the less fortunate's consumption, overall well- being could be easily enhanced. "Based on this information, which philosophy does Yglesias MOST LIKELY subscribe to? Da. There is not enough information to determine the answer. b.Rawls's maximin principle c. utilitarianism d. Nozick's entitlement theory of justice

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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How do sales taxes typically apply in a business environment?
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