What does flypaper theory mean?
Definitions for flypaper theory
fly·pa·per the·o·ry
This dictionary definitions page includes all the possible meanings, example usage and translations of the word flypaper theory.
Wiktionary
flypaper theorynoun
The idea that the burdens of taxation "stick" to those taxed directly instead of spreading through the economy.
flypaper theorynoun
The idea that it is desirable to lure one's enemies into a single country or area where they can be more effectively dealt with.
Wikidata
Flypaper theory
The flypaper theory of tax incidence is a pejorative term used by economists to describe the assumption that the burden of a tax, like a fly with flypaper, sticks wherever it first lands. Economists point out several flaws with the assumption: ⁕it ignores the elasticity of goods; and ⁕it ignores the ability of producers to shift the cost of the tax onto consumers. For example, consider a tax levied on a luxury item such as jewelry. Such a tax, while intended to target the wealthy, may not actually accomplish this objective, as the wealthy can simply choose to buy less jewelry. Instead of collecting more money from the wealthy, the tax has the effect of hurting jewelry merchants, who are not the intended targets of the tax. As another example, suppose a tax is levied on the sellers of a product. The sellers may simply raise the price of the product, thus shifting the burden of the tax onto the buyers of the product. This should not be confused with the flypaper effect, which holds that money from a federal authority to a state authority tends to increase overall expenditure rather than merely substitute for locally-raised revenue.
Numerology
Chaldean Numerology
The numerical value of flypaper theory in Chaldean Numerology is: 6
Pythagorean Numerology
The numerical value of flypaper theory in Pythagorean Numerology is: 1
Translations for flypaper theory
From our Multilingual Translation Dictionary
Get even more translations for flypaper theory »
Translation
Find a translation for the flypaper theory definition in other languages:
Select another language:
- - Select -
- 简体中文 (Chinese - Simplified)
- 繁體中文 (Chinese - Traditional)
- Español (Spanish)
- Esperanto (Esperanto)
- 日本語 (Japanese)
- Português (Portuguese)
- Deutsch (German)
- العربية (Arabic)
- Français (French)
- Русский (Russian)
- ಕನ್ನಡ (Kannada)
- 한국어 (Korean)
- עברית (Hebrew)
- Gaeilge (Irish)
- Українська (Ukrainian)
- اردو (Urdu)
- Magyar (Hungarian)
- मानक हिन्दी (Hindi)
- Indonesia (Indonesian)
- Italiano (Italian)
- தமிழ் (Tamil)
- Türkçe (Turkish)
- తెలుగు (Telugu)
- ภาษาไทย (Thai)
- Tiếng Việt (Vietnamese)
- Čeština (Czech)
- Polski (Polish)
- Bahasa Indonesia (Indonesian)
- Românește (Romanian)
- Nederlands (Dutch)
- Ελληνικά (Greek)
- Latinum (Latin)
- Svenska (Swedish)
- Dansk (Danish)
- Suomi (Finnish)
- فارسی (Persian)
- ייִדיש (Yiddish)
- հայերեն (Armenian)
- Norsk (Norwegian)
- English (English)
Word of the Day
Would you like us to send you a FREE new word definition delivered to your inbox daily?
Citation
Use the citation below to add this definition to your bibliography:
Style:MLAChicagoAPA
"flypaper theory." Definitions.net. STANDS4 LLC, 2024. Web. 25 Apr. 2024. <https://www.definitions.net/definition/flypaper+theory>.
Discuss these flypaper theory definitions with the community:
Report Comment
We're doing our best to make sure our content is useful, accurate and safe.
If by any chance you spot an inappropriate comment while navigating through our website please use this form to let us know, and we'll take care of it shortly.
Attachment
You need to be logged in to favorite.
Log In