POLS 207 Lecture Notes - Lecture 5: Regressive Tax, Progressive Tax, Double Irish Arrangement
6 Nov 2017
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Document Summary
Anything dies when funding is taken away. Comparing budgetary policy is an important way to measure political differences between states. Who gets less and who gets none. All public goods are non excludable and non rivaling. Everybody can use without denying to others. Goods should not be denied to people who cannot pay for them like public education, transportation, healthcare, etc. States and localities differ in their accepted lists of merit goods. All private goods are excludable and rivaling. Only those who pay get the goods. Most come from taxes, but not all. Expenditures: goods and services purchased or provided with government funds. Commonly used measure of the size, health, and power of the economy of a nation. Product = goods and services created/provided in a specific year. Assess if the measures are valid, given the issue being discussed. Watch out for unexpected or missing features in data presentation. Most common sources of state government revenue.
