What is the reasoning behind forcing people to pay taxes in a free-market economy? prevent foreign competitors from destroying essential domestic industries enable the government to pursue the goals of equity and security control the money supply and manage economic growth provide revenues for government programs needed to protect the free market

The reason for forcing people to pay taxes in a free market economy is all the options mentioned in the question.

Explanation:

A. Prevent foreign competitors from destroying essential domestic industries:

The government in every free market economy imposes tariffs on imported/foreign goods and services to discourage importation and encourage the growth and development of domestic industries. The local industries (especially the infant industries) are heavily protected by the government with strict economic policies against the unhealthy competitions from the well established foreign companies.

B. Enable the government to pursue the goals of equity and security:

The government of free-market economies use taxes to achieve equitable distribution of wealth. The progressive tax regime stipulates the Pay-As-You-Earn (PAYE) System. the system stipulates that the wealthy people should pay more than the average and low-income earners. The same applies to company taxes: Consortium, conglomerates, Trans/multinationals pay heavier than the cottage and infant industries. Taxes are used to ensure that the cottage and infant industries are not forced out of operations by the unhealthy rivalries of the Consortium, conglomerates, Trans/multinationals.

C. Control the money supply and manage economic growth:

When there is excess liquidity in an economy, the government applies the contracted monetary and fiscal policies to check the influx of money supply and velocity. The government uses the taxes generated from different sources to invest in lesser recurrent and more capital projects to grow the economy by projected percentages. Local industrialisation with comparative advantages, home-grown technologies, improvisation, cheapest factors of production and lest the cost of operation is heavily encouraged by aids, grants, subsidies and outsourcing.

D. Provide revenues for government programs needed to protect the free market:

Personal Income, company, tariffs, excise, Value Added taxes are imposed on households and firms to generate revenues to finance government corporations, ministries, departments and agencies to carry out their policies, projects, programmes. Government through their organs controls the excesses of the private sector in the economy against the exploitation of the citizens. The economy is shielded from the hidden economic conditionalities of economically developed nations and international monetary organisations.

Provide revenues for government programs needed to protect the free market.

Explanation:

Tax money goes toward different public goods and services such as roads, schools, fire fighters, etc. These are all government controlled and require revenues to support. (Also I took the quiz and got this one correct lol)

the answer is d trust me

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