Winston S. Churchill said, “I contend that for a nation to try to tax itself into prosperity is like a man standing in a bucket and trying to lift himself up by the handle.” Based on the above idiom. Give a critical analysis and give a clear recommendation of how government should tax its nationals, both natural and legal entities

Macroeconomics: Private and Public Choice (MindTap Course List)
16th Edition
ISBN:9781305506756
Author:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson
Publisher:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson
Chapter6: The Economics Of Political Actions
Section: Chapter Questions
Problem 7CQ
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Winston S. Churchill said, “I contend that for a nation to try to tax itself into prosperity is like a man standing in a bucket and trying to lift himself up by the handle.”

Based on the above idiom. Give a critical analysis and give a clear recommendation of how government should tax its nationals, both natural and legal entities

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