Examlex
Pascal argues that if we do a cost-benefit analysis of the matter, it turns out that it is eminently reasonable to get ourselves to believe that God exists, regardless of whether we have good evidence for that belief. The argument goes something like this: Regarding the proposition "God exists," reason is neutral. It can neither prove nor disprove it. But we must make a choice on this matter because not to choose for God is in effect to choose against God and lose the possible benefits that belief would bring. Because these benefits of faith promise to be infinite and the loss equally infinite, we must take a gamble on faith.
-Pascal says that if there is a God, God is infinitely incomprehensible.
Tax Incidence
The analysis of the effect of a particular tax on the distribution of economic welfare among entities like consumers, producers, and the government.
Supply Curve
A graph showing the relationship between the quantity of goods that producers are willing to sell and the price of those goods.
Buyers Pay
The principle where the purchaser of a good or service is responsible for paying any tax or additional cost associated with its purchase.
Tax Burden
The total amount of tax paid by individuals or businesses, often expressed as a percentage of income or economic output.
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