Unformatted text preview: program with their own programs. Which approach would be more efficient? Explain. 5. Suppose that a city mayor proposes to pay for the acquisition and construction of public parks by implementing a seven-year local sales tax. Someone argues that the financing mechanism should instead be something that is spread out more over time, noting that a person who moves here eight years from now would get to enjoy the parks but under the current proposal wouldn't pay for them. Similarly, this individual argues that those who live in the community now pay for it but, if they move, won't benefit at all from it after a few years. The mayor argues that those who move out of this area will in fact benefit from the parks beyond their personal usage and that those who move to this area after the seven year-period will implicitly pay for the access to the parks. What does the mayor mean? Page 1...
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This note was uploaded on 08/23/2011 for the course ECON 4504 taught by Professor Robertpennington during the Spring '11 term at University of Central Florida.
- Spring '11