You are the mayor of a town with 10,000 residents.The head of your economic development agency recently conducted a survey in which the 10,000 residents said that a small public library in the center of town would be worth $25 to each of them.The cost to build the library is $150,000.Which of the following is the most efficient option?

Question

Quizplus · Accepted Answer

While it may seem efficient to collect donations from residents to cover the cost of the library, there is no guarantee that enough donations would be collected to cover the full cost. It is also unfair to rely solely on donations as some residents may not be able to afford or choose not to donate, but still benefit from the library. On the other hand, a tax on all residents ensures that everyone who benefits from the library contributes to its cost. This is the most efficient and fair option. Option C is also unfair as it places the burden of the cost solely on the wealthiest residents, and option D does not address the desire of residents for a public library.

You Are the Mayor of a Town with 10,000 Residents