How do liberals feel about the economy?

Economic liberals commonly adhere to a political and economic philosophy which advocates a restrained fiscal policy and the balancing of budgets, through measures such as low taxes, reduced government spending, and minimized government debt.

What is the concept of taxation?

taxation, imposition of compulsory levies on individuals or entities by governments. Taxes are levied in almost every country of the world, primarily to raise revenue for government expenditures, although they serve other purposes as well. In modern economies taxes are the most important source of governmental revenue.

Why tax is important for the government?

Taxation not only pays for public goods and services; it is also a key ingredient in the social contract between citizens and the economy. Holding governments accountable encourages the effective administration of tax revenues and, more widely, good public financial management.

What is taxation in your own opinion?

Taxation is a term for when a taxing authority, usually a government, levies or imposes a financial obligation on its citizens or residents. The term “taxation” applies to all types of involuntary levies, from income to capital gains to estate taxes.

What do conservatives believe about government?

Conservatives believe in personal responsibility, limited government, free markets, individual liberty, traditional American values and a strong national defense. Believe the role of government should be to provide people the freedom necessary to pursue their own goals.

Why do conservatives support lower taxes and a smaller government?

Conservative Lower taxes and a smaller government with limited power will improve the standard of living for all. Support lower taxes and a smaller government. Lower taxes create more incentive for people to work, save, invest, and engage in entrepreneurial endeavors. Money is best spent by those who earn it,…

Why do Conservatives care so much about social issues?

Modern-day liberals often theorize that conservatives use “social issues” as a way to mask economic objectives, but this is almost backward: the true goal of conservatism is to establish an aristocracy, which is a social and psychological condition of inequality.

Is conservatism incompatible with democracy?

A: Conservatism is incompatible with democracy, prosperity, and civilization in general. It is a destructive system of inequality and prejudice that is founded on deception and has no place in the modern world. These ideas are not new.