What does benefit principle mean?
Definitions for benefit principle
ben·e·fit prin·ci·ple
This dictionary definitions page includes all the possible meanings, example usage and translations of the word benefit principle.
Wikipedia
Benefit principle
The benefit principle is a concept in the theory of taxation from public finance. It bases taxes to pay for public-goods expenditures on a politically-revealed willingness to pay for benefits received. The principle is sometimes likened to the function of prices in allocating private goods. In its use for assessing the efficiency of taxes and appraising fiscal policy, the benefit approach was initially developed by Knut Wicksell (1896) and Erik Lindahl (1919), two economists of the Stockholm School. Wicksell's near-unanimity formulation of the principle was premised on a just income distribution. The approach was extended in the work of Paul Samuelson, Richard Musgrave, and others. It has also been applied to such subjects as tax progressivity, corporation taxes, and taxes on property or wealth. The unanimity-rule aspect of Wicksell's approach in linking taxes and expenditures is cited as a point of departure for the study of constitutional economics in the work of James Buchanan.
Numerology
Chaldean Numerology
The numerical value of benefit principle in Chaldean Numerology is: 3
Pythagorean Numerology
The numerical value of benefit principle in Pythagorean Numerology is: 1
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"benefit principle." Definitions.net. STANDS4 LLC, 2024. Web. 25 Apr. 2024. <https://www.definitions.net/definition/benefit+principle>.
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