Supply-side economics believes that high tax rates in the 1970s slowed economic growth. Supply-siders argue that lowering tax rates will increase incentives to work, save, and invest, leading to higher output and tax revenues in the long run. However, the relationship between tax rates and revenues depicted by the Laffer curve is uncertain, as it is difficult to know the precise tax rate that maximizes revenue. Additionally, the impact of tax changes depends on the time horizon considered, as adjustments to incentives take time.
here in Keynesian theory of income and employment is explained in deep so all those people who want to get keenly into this theory must at least have a look at the same as it can improve your knowledge.
In economics, the theory of the second best concerns the situation when one or more optimality conditions cannot be satisfied.
The economists Richard Lipsey and Kelvin Lancaster showed in 1956, that if one optimality condition in an economic model cannot be satisfied, it is possible that the next-best solution involves changing other variables away from the values that would otherwise be optimal.
Politically, the theory implies that if it is infeasible to remove a particular market distortion, introducing a second (or more) market distortion may partially counteract the first, and lead to a more efficient outcome.
In Macroeconomics Income and Employment are interchangeable terms, since in the short-run National income depends on the total volume of employment or economic activity in the country. As income and employment are synonymous the employment theory is also called income theory.
It should be clear to readers that the classical economists did not formulate any specific theory of employment as such. They only laid down certain postulates which subsequently developed as a theory.
The economic literature ever since the dawn of modern economics has been much preoccupied with the issue of economic growth Economic growth has also been understood to establish the conditions for economic development The better-known models of economic growth such as the Lewis, Rostow Harrod Domar Solow, and Romer growth models are discussed
here in Keynesian theory of income and employment is explained in deep so all those people who want to get keenly into this theory must at least have a look at the same as it can improve your knowledge.
In economics, the theory of the second best concerns the situation when one or more optimality conditions cannot be satisfied.
The economists Richard Lipsey and Kelvin Lancaster showed in 1956, that if one optimality condition in an economic model cannot be satisfied, it is possible that the next-best solution involves changing other variables away from the values that would otherwise be optimal.
Politically, the theory implies that if it is infeasible to remove a particular market distortion, introducing a second (or more) market distortion may partially counteract the first, and lead to a more efficient outcome.
In Macroeconomics Income and Employment are interchangeable terms, since in the short-run National income depends on the total volume of employment or economic activity in the country. As income and employment are synonymous the employment theory is also called income theory.
It should be clear to readers that the classical economists did not formulate any specific theory of employment as such. They only laid down certain postulates which subsequently developed as a theory.
The economic literature ever since the dawn of modern economics has been much preoccupied with the issue of economic growth Economic growth has also been understood to establish the conditions for economic development The better-known models of economic growth such as the Lewis, Rostow Harrod Domar Solow, and Romer growth models are discussed
"Keynesians in the White House" Economics Case studyNikhil Gupta
This case study is a part of cirriculum of Macro economics. This Presentation will give the idea of John Maynard Keynes General Theory which is to use the Fiscal Policy to control the Aggregate Demand of the Economy. The case deals about President Kennedy's proposal of Tax Cuts.
If you are looking for a pi coin investor. Then look no further because I have the right one he is a pi vendor (he buy and resell to whales in China). I met him on a crypto conference and ever since I and my friends have sold more than 10k pi coins to him And he bought all and still want more. I will drop his telegram handle below just send him a message.
@Pi_vendor_247
USDA Loans in California: A Comprehensive Overview.pptxmarketing367770
USDA Loans in California: A Comprehensive Overview
If you're dreaming of owning a home in California's rural or suburban areas, a USDA loan might be the perfect solution. The U.S. Department of Agriculture (USDA) offers these loans to help low-to-moderate-income individuals and families achieve homeownership.
Key Features of USDA Loans:
Zero Down Payment: USDA loans require no down payment, making homeownership more accessible.
Competitive Interest Rates: These loans often come with lower interest rates compared to conventional loans.
Flexible Credit Requirements: USDA loans have more lenient credit score requirements, helping those with less-than-perfect credit.
Guaranteed Loan Program: The USDA guarantees a portion of the loan, reducing risk for lenders and expanding borrowing options.
Eligibility Criteria:
Location: The property must be located in a USDA-designated rural or suburban area. Many areas in California qualify.
Income Limits: Applicants must meet income guidelines, which vary by region and household size.
Primary Residence: The home must be used as the borrower's primary residence.
Application Process:
Find a USDA-Approved Lender: Not all lenders offer USDA loans, so it's essential to choose one approved by the USDA.
Pre-Qualification: Determine your eligibility and the amount you can borrow.
Property Search: Look for properties in eligible rural or suburban areas.
Loan Application: Submit your application, including financial and personal information.
Processing and Approval: The lender and USDA will review your application. If approved, you can proceed to closing.
USDA loans are an excellent option for those looking to buy a home in California's rural and suburban areas. With no down payment and flexible requirements, these loans make homeownership more attainable for many families. Explore your eligibility today and take the first step toward owning your dream home.
The secret way to sell pi coins effortlessly.DOT TECH
Well as we all know pi isn't launched yet. But you can still sell your pi coins effortlessly because some whales in China are interested in holding massive pi coins. And they are willing to pay good money for it. If you are interested in selling I will leave a contact for you. Just telegram this number below. I sold about 3000 pi coins to him and he paid me immediately.
Telegram: @Pi_vendor_247
how to sell pi coins effectively (from 50 - 100k pi)DOT TECH
Anywhere in the world, including Africa, America, and Europe, you can sell Pi Network Coins online and receive cash through online payment options.
Pi has not yet been launched on any exchange because we are currently using the confined Mainnet. The planned launch date for Pi is June 28, 2026.
Reselling to investors who want to hold until the mainnet launch in 2026 is currently the sole way to sell.
Consequently, right now. All you need to do is select the right pi network provider.
Who is a pi merchant?
An individual who buys coins from miners on the pi network and resells them to investors hoping to hang onto them until the mainnet is launched is known as a pi merchant.
debuts.
I'll provide you the Telegram username
@Pi_vendor_247
Falcon stands out as a top-tier P2P Invoice Discounting platform in India, bridging esteemed blue-chip companies and eager investors. Our goal is to transform the investment landscape in India by establishing a comprehensive destination for borrowers and investors with diverse profiles and needs, all while minimizing risk. What sets Falcon apart is the elimination of intermediaries such as commercial banks and depository institutions, allowing investors to enjoy higher yields.
Even tho Pi network is not listed on any exchange yet.
Buying/Selling or investing in pi network coins is highly possible through the help of vendors. You can buy from vendors[ buy directly from the pi network miners and resell it]. I will leave the telegram contact of my personal vendor.
@Pi_vendor_247
Resume
• Real GDP growth slowed down due to problems with access to electricity caused by the destruction of manoeuvrable electricity generation by Russian drones and missiles.
• Exports and imports continued growing due to better logistics through the Ukrainian sea corridor and road. Polish farmers and drivers stopped blocking borders at the end of April.
• In April, both the Tax and Customs Services over-executed the revenue plan. Moreover, the NBU transferred twice the planned profit to the budget.
• The European side approved the Ukraine Plan, which the government adopted to determine indicators for the Ukraine Facility. That approval will allow Ukraine to receive a EUR 1.9 bn loan from the EU in May. At the same time, the EU provided Ukraine with a EUR 1.5 bn loan in April, as the government fulfilled five indicators under the Ukraine Plan.
• The USA has finally approved an aid package for Ukraine, which includes USD 7.8 bn of budget support; however, the conditions and timing of the assistance are still unknown.
• As in March, annual consumer inflation amounted to 3.2% yoy in April.
• At the April monetary policy meeting, the NBU again reduced the key policy rate from 14.5% to 13.5% per annum.
• Over the past four weeks, the hryvnia exchange rate has stabilized in the UAH 39-40 per USD range.
how to sell pi coins on Bitmart crypto exchangeDOT TECH
Yes. Pi network coins can be exchanged but not on bitmart exchange. Because pi network is still in the enclosed mainnet. The only way pioneers are able to trade pi coins is by reselling the pi coins to pi verified merchants.
A verified merchant is someone who buys pi network coins and resell it to exchanges looking forward to hold till mainnet launch.
I will leave the telegram contact of my personal pi merchant to trade with.
@Pi_vendor_247
how to sell pi coins in South Korea profitably.DOT TECH
Yes. You can sell your pi network coins in South Korea or any other country, by finding a verified pi merchant
What is a verified pi merchant?
Since pi network is not launched yet on any exchange, the only way you can sell pi coins is by selling to a verified pi merchant, and this is because pi network is not launched yet on any exchange and no pre-sale or ico offerings Is done on pi.
Since there is no pre-sale, the only way exchanges can get pi is by buying from miners. So a pi merchant facilitates these transactions by acting as a bridge for both transactions.
How can i find a pi vendor/merchant?
Well for those who haven't traded with a pi merchant or who don't already have one. I will leave the telegram id of my personal pi merchant who i trade pi with.
Tele gram: @Pi_vendor_247
#pi #sell #nigeria #pinetwork #picoins #sellpi #Nigerian #tradepi #pinetworkcoins #sellmypi
how to swap pi coins to foreign currency withdrawable.DOT TECH
As of my last update, Pi is still in the testing phase and is not tradable on any exchanges.
However, Pi Network has announced plans to launch its Testnet and Mainnet in the future, which may include listing Pi on exchanges.
The current method for selling pi coins involves exchanging them with a pi vendor who purchases pi coins for investment reasons.
If you want to sell your pi coins, reach out to a pi vendor and sell them to anyone looking to sell pi coins from any country around the globe.
Below is the contact information for my personal pi vendor.
Telegram: @Pi_vendor_247
when will pi network coin be available on crypto exchange.DOT TECH
There is no set date for when Pi coins will enter the market.
However, the developers are working hard to get them released as soon as possible.
Once they are available, users will be able to exchange other cryptocurrencies for Pi coins on designated exchanges.
But for now the only way to sell your pi coins is through verified pi vendor.
Here is the telegram contact of my personal pi vendor
@Pi_vendor_247
What price will pi network be listed on exchangesDOT TECH
The rate at which pi will be listed is practically unknown. But due to speculations surrounding it the predicted rate is tends to be from 30$ — 50$.
So if you are interested in selling your pi network coins at a high rate tho. Or you can't wait till the mainnet launch in 2026. You can easily trade your pi coins with a merchant.
A merchant is someone who buys pi coins from miners and resell them to Investors looking forward to hold massive quantities till mainnet launch.
I will leave the telegram contact of my personal pi vendor to trade with.
@Pi_vendor_247
Falcon stands out as a top-tier P2P Invoice Discounting platform in India, bridging esteemed blue-chip companies and eager investors. Our goal is to transform the investment landscape in India by establishing a comprehensive destination for borrowers and investors with diverse profiles and needs, all while minimizing risk. What sets Falcon apart is the elimination of intermediaries such as commercial banks and depository institutions, allowing investors to enjoy higher yields.
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2. DEFINITION
►Supply-side economists believe that the basic reason
for the low economic growth in the 1970's was high
tax rates. They claim that a tight fiscal policy decrease
saving, investment and productivity levels in the
economy. They remark that high taxes cannot reduce
the effective demand in order to solve inflation. On
the contrary, high taxes accelerate the inflation
process.
3. MAIN CONCEPTS
►Supply-side economists (supply siders) offer low tax
rates to increase economic growth and to reduce the
rate of inflation. The main economic policy instrument
of the supply-side economics is "tax cut." They
established a connection between tax rates and tax
revenues. Although this idea was popularized under
the rubric of "Laffer Curve", in the late 1970's its origins
extend as far back as the 14. century.
4. DAVID HUME
►"Exorbitant taxes, like extreme
necessity, destroy industry by
producing despair; and even before
they reach this pitch, they raise the
wages of the labourer and
manufacturer, and heighten the price
of all commodities."
5. ADAM SMITH
►"High taxes, sometimes by diminishing the
consumption of the taxed commodities, and
sometimes by encouraging smuggling, frequently
afford a smaller revenue to government than what
might be drawn from more moderate taxes. When
the diminution of revenue is the effect of the
dimunution of consumption, there can be but one
remedy, and that is the lowering the tax."
6. JEAN BABTISTE SAY
►"Excessive taxation is a kind of suicide, whether upon
objects of necessity, or upon these of luxury;... it
extinguishes both production and consumptian and
the taxpayer into the bargain."
7. BALANCED SUPPLY-SIDE PROGRAM
►A balanced supply-side program consists of;
→Tax cuts on both personal income tax and
corporate income tax,
→A reduction in the amount of public expenditures
appropriately with tax cuts.
→Deregulation.
8. FUNDAMANTAL FUNCTIONS OF
TAX REDUCTION
►Tax reduction has mainly three functions in
the supply-side literature. These are
summarized below.
9. FUNDAMANTAL FUNCTIONS OF
TAX REDUCTION
Changes on the marginal tax rates affect the
relative prices in four ways;
►The price ot leisure versus work.
►The price of current consumption versus future
consumption.
►Economic activities in the market economy
versus activities in the underground
economy.
►The return of investment in the taxable return
of investment in the tax shelters.
10. FUNDAMANTAL FUNCTIONS OF
TAX REDUCTION
2. The supply-side economics emphasizes
"economic growth'" and "efficency of resource
allocation". Supply-siders believe that tax cuts
provide a high market output and high tax
revenue in the long-run. Indeed, supply-side
theory is a long term economic policy. Supply-
siders accept that "stabilization" and "fair income
distribution" are not realized in a short period.
These aims can be achieved only in a long time
period together with economic growth and
efficiency.
11. FUNDAMANTAL FUNCTIONS OF
TAX REDUCTION
3. The third principal of supply-side economics is the
connection between tax rates and tax revenues.
According to this principal, tax rates can be increased
up to a point. In other words, if taxes are increased
beyond this point -called the maximum revenue point-
the process results in an inverse effect on the
production and labor supply and consequently
economic growth goes down and tax revenues de-
crease. Supply-siders accept that the reason for the
slow economic growth (negative economic growth), in
the 1970's in the U .S. and most of other countries was
due to only high marginal tax rates. As noted before,
they have offered lower tax rates for fast economic
growth and higher tax revenues. Now, I shall focus on
the third of these principals.
12. THE KHALDUN-LAFFER EFFECT
►The Khaldun-Laffer effect illustrates
that changes on the marginal tax rates
affect both total market output and
tax revenues.
13. FIGURE : 1 THE RELATIONSHIP BETWEEN TAX CUT AND OUTPUT
AND TAX REVENUES
14. THE UNCERTAINTIES OF THE KL
EFFECT
►In fact, the- Khaldun-Laffer effect rests on the
assumption that people will work significiantly
more when their after-tax wages increase or
that they will invest significiantly more when
their after-tax profit increase.
15. THE UNCERTAINTIES OF THE KL
EFFECT
►On the other hand, the KL effect is based on
two conditions which are hardly visible. First,
current tax rate must be beyond the maximum
tax revenue point in order to collect more
revenues via tax reduction. In other words,
current tax rate must be higher than point D. If
tax rate is cut before point D, tax reveneus will
not increase. In fact, they may decrease, But
the crucial question is the determination of
that maximum tax revenue point.
16. THE UNCERTAINTIES OF THE KL
EFFECT
►Secondly, tax cut must not be too
much: If tax rate is cut from point D
to B, tax revenues will decrease as
well. It is difficult to cut taxes
appropriately, because no one
knows their exact location on the
Laffer curve.
18. TIME HORIZON AND HIGH TAX
DILEMMA
►Time horizon is accepted as an important factor
in the supply-side economics. The shape of the KL
curve in the short run is different from its shape in
the long-run. Buchanan and Lee developed an
analysis, which examines the relationship between
tax rates and tax revenues both in the short and
long-run. In their studies, "long-run" is defined as
sufficient time to allow the full adjustments to the
tax rate changes for the taxpayers.