Bridge Discipline Chapter 1
Question 5
Some tax rules can be justified on multiple grounds (e.g., economic or social). In this connection, comment on the possible justification for the rules governing the following.
1. Pension plans.
The justification for pension plans is both economical and social. The pension plan adds to the amount an individual at retirement will receive through social security. Economically this aids in the individual obtaining a better quality of life and socially allows individuals to retire with dignity and autonomy due to having more resources.
2. Education.
An educated work force is key for a productive society. Educational attainment must be prioritized and incentivized by the government because the total outcome
Question 5
Some tax rules can be justified on multiple grounds (e.g., economic or social). In this connection, comment on the possible justification for the rules governing the following.
1. Pension plans.
The justification for pension plans is both economical and social. The pension plan adds to the amount an individual at retirement will receive through social security. Economically this aids in the individual obtaining a better quality of life and socially allows individuals to retire with dignity and autonomy due to having more resources.
2. Education.
An educated work force is key for a productive society. Educational attainment must be prioritized and incentivized by the government because the total outcome