After reading this article you will learn about the arguments in favour and against capital levy. Arguments in Favour of Capital Levy: Usually the following arguments are put forward justifying capital levy: 1. During the war, the poor sections of the community suffer more in terms of risking their lives by joining the defence force and out of inflationary situation [...]
After reading this article you will learn about:- 1. Meaning of Public Debt 2. Occasions of Public Debt 3. Different Forms 4. Redemption 5. Effects. Meaning of Public Debt: Borrowing by public authorities is of recent origin. This practice of revenue raising was not prevalent prior to the eighteenth century. In the middle ages, borrowing was a rare event. Whenever [...]
After reading this article you will learn about the burden of public debt. Burden of public debt is a misleading and highly confused concept. The 1930's and 1940's witnessed an array of debate over the issue of debt burden. The focus of debate was between those who feared that the creation of debt in course of deficit finance would burden [...]