Thursday, January 19, 2017

On the Social Benefits of Taxation



On the Social Benefits of Taxation


Here we present a proof, or at least a demonstration, without words. Or labels.  For the cognoscenti, or even just those having some familiarity with Econ 101, the diagrams as they are should be enough to work out the point. And if not, labels to the diagram and explanation will be provided next week.
The result is quite robust.
Please enjoy.

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