Posted by Jackie on .
I'm doing a project on nationalism where i have to create my own unified country. How can we raise money for a navy and army? Also, how can we export more than we import?
The most common way of raising money for needed services is by taxing the citizens.
Many people believe that a graduated income tax (where the richest pay the most and the poorest pay the least) is the fairest kind of tax.
You can also impose a sales tax and/or a luxury tax (where luxuries, like furs, expensive cars, expensive homes, plasma TVs, etc.) are taxed at a high rate.
One way to export more than you import is to have high tariffs on imported goods.
Thank-you! This really helped a lot!