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What is fiscal policy and fiscal politics?

In: Economics, US Constitution, Income Taxes [Edit categories]

Answer:

Fiscal Policy: A policy that allows the government to use government spending and government taxes to correct the Marco equilibrium.

Fiscal politics is the buying of votes with working individuals income. Nonworking people see the working class as rich and feel that they should be allowed the same luxuries as the non producers. This is the main reason most democracies fail. When people realize that they can vote their way into money and not actually produce. The mental step of making this seem fair is listed above. They feel "correction" is needed to provide the non workers the income they desire. Politicians are wiling to take large sums of the working classes money and give a small portion to the non workers (thus keeping large sections for themselves).

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N2146X

First answer by Peanutbd. Last edit by N2146X. Contributor trust: 387 [recommend contributor ]. Question popularity: 2 [recommend question].

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