By Thomas E. Hall
When executive imposes new taxes, ideas, or laws, it creates results that regularly range from the unique rationale. from time to time, those results are so serious that they render the coverage a failure. The legislation of accidental effects has taken on an expanding value through the period of ever-expanding govt, and this publication explores 4 vital examples: cigarette taxes, alcohol prohibition, the minimal salary, and federal source of revenue tax. Thomas E. corridor examines how the regulations got here into being, what underlying political issues encouraged the method, the unintentional results of the regulations, and why lots of those guidelines are nonetheless in position. simply because lots of those accidental outcomes are heavily adversarial, the writer argues that the ethical of those 4 key examples is that at any time when a brand new executive coverage is being thought of, even more specified assessment needs to be given to the variety of power accidental consequences—a perform that's hardly ever or adequately undertaken.
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Extra info for Aftermath: The Unintended Consequences of Public Policies
1 shows the top and bottom federal income tax rates from 1913 to 2011. The budget deficit was a major issue in the 1932 presidential election between incumbent Herbert Hoover and challenger Franklin Roosevelt, and both men pledged to balance the budget. In 1932, before the election, Hoover supported higher tax rates as a way to raise revenue, and Congress passed the tax increase in June. 1 shows that tax rates rose substantially for high-income taxpayers as the top rate went from 24 percent to 63 percent.
S. federal government, along with all 50 states and the District of Columbia, and some counties and cities. They were originally imposed solely as a revenue source for governments, and they have been very effective in that regard because tobacco is an addictive substance. Since the 1960s when the link between smoking and health problems was documented, an additional justification has been on health grounds: taxing cigarettes discourages smoking, which results in a healthier population. More recently, as governments have increasingly funded health care, cigarette taxes have been rationalized on the grounds that the revenue is needed to help pay the higher health care costs incurred by smokers.
Rise of the Super-rich In 1789, the upper strata of American society consisted of landowners in the South and merchants who were primarily located in the North. For example, Virginians George Washington and Thomas Jefferson were wealthy because they owned large amounts of property in the form of land and slaves, and they earned their incomes primarily from selling crops produced by that property. 1 The merchants earned their incomes from exporting goods produced in North America, such as tobacco and rum, and importing finished goods and slaves.
Aftermath: The Unintended Consequences of Public Policies by Thomas E. Hall