econs rocks your socks

Wednesday, May 21, 2008

tax

Hello, every one

I think every one knows that in the US, the tax is very high and the government say that it is to ensure that the income gap between the rich and the poor does not broaden that much. Thus, the government charge high tax on almost everything.

As you know, the taxes will result in a dead weight loss of consumers' and suppliers' surplus. The higher the tax, the greater the dead weight loss is. As a result, much consumers' and suppliers' surplus is lost and many Americans are against such government policy. So many artists produce cartoons to express their resentment about such high taxes.

The below are cartoons about the criticism on high tax in the US:
http://www.cartoonistgroup.com/store/add.php?iid=22999
http://www.cartoonistgroup.com/store/add.php?iid=23301
http://www.cartoonistgroup.com/store/add.php?iid=23571
http://www.cartoonistgroup.com/store/add.php?iid=23571
http://www.cartoonistgroup.com/store/add.php?iid=22968

The cartoons are very funny and they are real life examples of the disadvantage of high tax.

Enjoy!

Xiaoyi

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