Many public choice economists believe that elected political officials would make better choices if they had to vote for higher taxes in order to adopt new spending programs.

Question

Quizplus · Accepted Answer

Public choice economists argue that elected officials often support spending programs because they do not directly bear the cost of the programs, as they can be financed through debt or taxes imposed on future generations. By requiring politicians to vote for higher taxes in order to finance new spending programs, they would have to weigh the costs and benefits more carefully and make better decisions.

Many Public Choice Economists Believe That Elected Political Officials Would