An advantage of taxing wages and profits less,and taxing pollution and waste more,would be the improvement of environmental quality through full-cost pricing.

Question

Quizplus · Accepted Answer

By taxing pollution and waste more, the cost of environmental damage is reflected in the cost of production and consumption, leading to more sustainable practices. This is known as full-cost pricing. By taxing wages and profits less, there could be potential economic benefits such as job creation and incentivizing entrepreneurship.

An Advantage of Taxing Wages and Profits Less,and Taxing Pollution