Fiscal incidence Fiscal incidence Fiscal incidence is a concept within public finance, a sub-discipline within economics, that refers to the combined overall economic impact of both government taxation and expenditures on the real economic income of individuals. While taxation reduces the economic well-being of individuals, government expenditures raise their economic well-being. Fiscal incidence is the term for the overall impact of government taxing and spending considered together. In theory, governments withdraw resources from society in the form of taxation, and contribute resources back into society in the form of expenditures. However, the burdens of taxation are not borne equally by individuals, and
The Financial Lives of the Poets The Financial Lives of the Poets The Financial Lives of the Poets is the fifth novel by the American writer Jess Walter. It is a comedic novel first published in 2009. The novel explores the global financial crisis, through the eyes of a business reporter turned poet. Reception of the novel was generally positive. "The New York Times" was largely positive, calling it successful at "captur[ing] the fiscal panic and frustration" and full of "blistering wisecracks". "The Los Angeles Times" called it "darkly funny, surprisingly tender [and] verse sprinkled", though the review highlighted the characters in the novel as flawed