Why do all market economies have taxes to support armed forces, police forces, public schools, and at least some form of public transportation? Socialist propaganda has convinced other countries that market economies really do not work well. Public services are very profitable. Businesses always encourage more government services and the wealthy are never opposed to high taxes. All countries have discovered that profits will motivate firms to solve most, but never all, of their economic needs.

Question

History

Claire

7 April, 20:39

Why do all market economies have taxes to support armed forces, police forces, public schools, and at least some form of public transportation? Socialist propaganda has convinced other countries that market economies really do not work well. Public services are very profitable. Businesses always encourage more government services and the wealthy are never opposed to high taxes. All countries have discovered that profits will motivate firms to solve most, but never all, of their economic needs.

+5

Answers (1)

Know the Answer?

Paloma Todd · Answer 1

"All countries have discovered that profits will motivate firms to solve most, but never all, of their economic needs" is the best option from the list, corporations will ultimately always act in their best interest, which is not always in the best interest of society as a whole.