Economics Analysis Essay
Instructions
ECONOMICS ANALYSIS ESSAYFor this assignment, you will write a 23-page paper (double-spaced, 1-inch margins) providing at least 1 example of how government has overstepped biblical principles in some form of economic policy.Options include the following topics: A specific piece of legislation relating to business regulation or taxation. The party platform of either the Republican Party or the Democratic Party (or both). The role of the Federal Reserve. The budget process.Use at least 2 References from "Economics in One Lesson" by Henry Hazlitt.
Answer
BackgroundEconomics is one of the fields that draw debate in the bible. The exact area of debate is on taxation (Hazlitt, 1978). This debate prompted the Pharisees and those close to Jesus to ask questions about tax collectors. The primary area of taxation generating debate concerns the taxation of the rich to benefit the poor. A government policy that revolves around this is the issue of taxation is the Tax Cuts and Job Act. The Tax Cuts and Job Act overstep biblical principle with the capping of levies paid on estates over $ 11.2 million. This paper explores the Tax Cuts and Job Act taxation policy and the manner it oversteps biblical teachings about taxes.The Bible, Tax Cuts and Job ActThe debate on taxation arose during the era of Jesus Christ. There were questions about the conduct of...
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