Macaulay Says, "For the Rich, When Possessed of the Whole

question 223

Multiple Choice

Macaulay says, "for the rich, when possessed of the whole authority of the state, would be sure to take the first care of themselves, if they should not be tempted to secure an exoneration of all burthens, by dividing the spoils of the public; and that the abuse of such high trusts must necessarily arise, because to act by selfish considerations, is in the ..."

• A) very constitution of our nature.
• B) mind of the beholder.
• C) vested interest of the religious class.
• D) inherent plan of laws to protect private property.

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Definitions:

Transfer Payments

Payments made by governments to individuals without any expectation of a direct return or exchange, such as welfare benefits or social security.

Government Spending

Expenditures made by the government in any given period, including on services, salaries, and infrastructure projects.

Economic Role

The functions and responsibilities that different entities (individuals, firms, governments) play in the economy.

Government

The governing body of a nation, state, or community which makes and enforces laws, policies, and regulations.