Most people have heard of economics and municipal government, but they usually do not know much about it. My classmates and I studied public administration and municipal management for many years before we ever took our qualifying exams in law. That is how I have learned most of what I know about economics and municipal government. In fact, most of my friends who are lawyers are actually great economists because they have spent their entire careers working in municipal government.
So, if you ask me, why would anyone take my law economics of municipal governance quiz for me? The reason is that the question is easy, and the answers are simple. Just take a look at the following questions. Can you answer these questions correctly?
Question. How does a government entity to reduce spending? The answer to this question is very simple, if the government does not reduce its spending, then the taxes the citizens pay each year will increase. Does this decrease the amount of money the government receives in taxes? Of course, the answer is no, because the government can just legally tax people to pay for the social services and programs it offers.
Question. What is the difference between tax and fee-for-service? The answer to this question is also simple. A tax is a political decision to spend money and a fee is a service decision wherein the service is paid for by the tax payer.
Question. What are the competition and why does the government want it? If the government wanted to compete in a free market, then it would lower all of the taxes it levies on businesses and individuals to try to drive business elsewhere. How would it do this? It could lower the corporate tax rate and make large businesses give jobs to Americans rather than sending them to China or any other country with cheap labor.
Question. Why are taxes so important? The answer to this question is that taxes protect the distribution of resources and they also give the law and order component to a government. Without taxes, there would be chaos and disorder, but if a government imposes taxes, then criminals will be aware that they are being monitored, and that they will pay for their crimes in cash. So if someone tried to break the law by committing tax evasion, vandalism, tax fraud, or any other crime, the government will have an easier time catching them because they know they will be caught.
Okay, now I know why my Law 101 Law School quiz for me was a little boring. It is not that important. It’s just something I have to do. Now that you know why, go learn a bunch of interesting law courses and start practicing what you just learned. I am sure you will do much better at it. Have fun with your law school career, and try to take my law economics of municipal governance quiz for me next time!