Event Title

Taxation Practices in an Ideal Economy

Location

213 Main Hall

Start Date

29-4-2016 3:15 PM

End Date

29-4-2016 3:40 PM

Description

Taxation varies in degree depending on global location. Some economies practice socialistic policies, others practice capitalistic policies. However, no existing economy is entirely socialistic or entirely capitalistic. Each economy finds its own balance, which leads to its own level of equality and efficiency. Capitalistic societies are known for the efficient use of resources, and socialistic societies are known for ensuring, at least, a certain minimum standard of living for all people involved in the economy. An economist might suppose there exists a unique point on a taxation continuum which most effectively serves the members of most societies. It seems logical to conclude that an economy that is useful to a society should involve a balance of socialistic and capitalistic provisions. The research included in this article attempts to locate such a point on the taxation spectrum defined above.

Comments

Michael Spirnak is a pure mathematics major in his second year at Kent State Stark. After he graduates, he would like to attend graduate school to become a mathematics professor. He enjoys tutoring in the Academic Success Center, and he is currently president of the Math Club. He also plays clarinet in the Kent State Stark Concert Band.

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Apr 29th, 3:15 PM Apr 29th, 3:40 PM

Taxation Practices in an Ideal Economy

213 Main Hall

Taxation varies in degree depending on global location. Some economies practice socialistic policies, others practice capitalistic policies. However, no existing economy is entirely socialistic or entirely capitalistic. Each economy finds its own balance, which leads to its own level of equality and efficiency. Capitalistic societies are known for the efficient use of resources, and socialistic societies are known for ensuring, at least, a certain minimum standard of living for all people involved in the economy. An economist might suppose there exists a unique point on a taxation continuum which most effectively serves the members of most societies. It seems logical to conclude that an economy that is useful to a society should involve a balance of socialistic and capitalistic provisions. The research included in this article attempts to locate such a point on the taxation spectrum defined above.