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
A Word to the People A Word to the People "A Word to the People" (Russian: «Слово к народу») was an open letter signed by twelve Soviet public figures. The declaration was published in "Sovetskaya Rossiya" (a newspaper that expressed anti-perestroika views) on 23 July 1991. The signers included writers Yuri Bondarev, Valentin Rasputin and Alexander Prokhanov, singer Lyudmila Zykina, war generals Valentin Varennikov and Boris Gromov, sculptor Vyacheslav Klykov, scientist and politicians Gennady Zyuganov, Vasily Starodubtsev, and . The authors of the writing appealed to the citizens of the country, severely criticizing the policies of Mikhail Gorbachev and Boris Yeltsin, and they pleaded to