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March 27, 2017

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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?

  • History - ,

    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.

  • History - ,

    Thank-you! This really helped a lot!

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