By Thomas E. Hall
When executive imposes new taxes, principles, or laws, it creates results that frequently vary from the unique purpose. from time to time, those results are so serious that they render the coverage a failure. The legislations of unintentional results has taken on an expanding value through the period of ever-expanding executive, and this publication explores 4 vital examples: cigarette taxes, alcohol prohibition, the minimal salary, and federal source of revenue tax. Thomas E. corridor examines how the guidelines got here into being, what underlying political issues motivated the method, the unintentional results of the guidelines, and why a lot of those guidelines are nonetheless in position. simply because lots of those unintentional effects are heavily hostile, the writer argues that the ethical of those 4 key examples is that every time a brand new govt coverage is being thought of, even more distinctive assessment has to be given to the variety of capability accidental consequences—a perform that's hardly ever or thoroughly undertaken.
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Additional info for Aftermath: The Unintended Consequences of Public Policies
The middle class was now paying federal income taxes. S. military effort during World War II led to a major expansion of the income tax. Just days after the December 7, 1941, Japanese attack on Pearl Harbor, the United States was formally at war with Japan, Germany, and Italy. And it was painfully clear to Americans that carrying out military operations in both Europe and the Pacific would require an enormous amount of physical and financial resources. There was considerable discussion about how this undertaking would be financed, and the Roosevelt administration decided that taxes would play an important role.
Federal Income Taxes: Funding the Welfare State 3. Cigarettes: Creating Crime through Taxes 4. The Minimum Wage: Promoting Teenage Unemployment 5. The Fruits of Alcohol Prohibition: Poison Booze, Crime, and Corruption 6. S. S. S. S. S. Gallons for Drinking Age Population (15+ years), 1710–1840 Preface This book describes four case studies of the law of unintended consequences as it applies to government policy. The well-known result that government policies designed to bring about one set of goals often create unanticipated outcomes has taken on increasing importance as governments become ever more involved in social and economic affairs.
2 shows various components of federal receipts and outlays during two recent years. 6 percentage points. 8 percent of GDP. 2 percent of GDP by 2010. 8 percentage points were transfer payments. 6 percentage points of GDP). 6 *Other receipts include gift and estate taxes, excise taxes, customs duties, and Federal Reserve deposits. 8 **Other outlays include international affairs, health, and post office. 6 SOURCE: Federal Reserve Bank of St. Louis, FRED data set. In other words, in 2010 the federal government collected about 16 cents of every dollar of income produced in the United States, and spent 25 cents (of which 15 cents were transfer payments).
Aftermath: The Unintended Consequences of Public Policies by Thomas E. Hall