Real estate magnate Donald Trump once proposed a one-time tax of 14.25, Government Budgeting, assignment help

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Real estate magnate Donald Trump once proposed a one-time tax of 14.25 percent on the net wealth of every American with more than $10 million. Would this be an efficient way to raise tax revenue? Why or why not?

Should the Federal Government increase social services initiatives to improve the quality of life issues for the less fortunate ones. (For instance: 1) promoting training/educational assistance initiatives to help the unskilled workers obtain/hold jobs; 

2) assist the elderly/homeless with affordable housing: 

3) increase health insurance coverage for the poor.) Secondly, what impact would this have on the federal deficit? Is that a burden we should place on all of the citizenry? Why?

Please use reference below and put page number

Lee, R.D. & Johnson, RW. (2008).  Public budgeting systems (8th ed.).  Sudbury, MA:  Jones and Bartlett.  ISBN: 9780763746681

  • Chapter 4: Budgeting for Revenues: Income Taxes, Payroll Taxes and Property Taxes
  • Chapter 5: Budgeting for Revenues: Transaction-Based Revenue Sources
  • Chapter 6: Budget Preparation: The Expenditure Side
Mikesell, J. (2011). Fiscal administration: Analysis and applications for the public sector (8th ed.). Boston: Wadsworth, Cengage Learning.

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