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Best Use Of Tax Payers’ Money 2, Limited Government Budgets, And Bolsa Familia

In: Capitalism in the 21st Century Why Global Capitalism Is Broken and How It Can Be Fixed

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  • Donghyun Park

Abstract

However, there are compelling grounds for government support for education and health care. In fact, as explained earlier, public education and health care are the best uses of tax payers’ money since they promote equality of opportunity — i.e. level the playing field for the poor. They reduce the income gap between the rich and the poor, and promote economic growth. This explains why governments around the world support and, in some cases, provide education and health care. But it is important to remember that the government too has finite resources, just like households or companies. After all, the amount of taxes paid by tax payers is finite. What this means is that the government has to make some tough choices when it comes to spending tax payers’ money, even on education and health care, the best use of tax payer’s money…

Suggested Citation

  • Donghyun Park, 2019. "Best Use Of Tax Payers’ Money 2, Limited Government Budgets, And Bolsa Familia," World Scientific Book Chapters, in: Capitalism in the 21st Century Why Global Capitalism Is Broken and How It Can Be Fixed, chapter 32, pages 138-141, World Scientific Publishing Co. Pte. Ltd..
  • Handle: RePEc:wsi:wschap:9789813274242_0032
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    More about this item

    Keywords

    Capitalism; Globalization; Inequality; Entrepreneur; Financial Industry; Government; Socialism; Market;
    All these keywords.

    JEL classification:

    • F6 - International Economics - - Economic Impacts of Globalization
    • P16 - Political Economy and Comparative Economic Systems - - Capitalist Economies - - - Capitalist Institutions; Welfare State
    • N2 - Economic History - - Financial Markets and Institutions
    • A1 - General Economics and Teaching - - General Economics
    • F00 - International Economics - - General - - - General

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