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Chapter 15

Chapter 15:Economic Policy

BigThink Video Exercises

The free market and politics

Scott Kleeb is a Nebraska politician, rancher, and history instructor at Hastings College.

1. How does Kleeb view the role of government regulation in the economy?
2. What are the implications of economic growth for governmental regulation?
..

Peter Thiel on tax fairness

Peter Thiel is an American entrepreneur, hedge fund manager, and venture capitalist. He is Clarium’s President and the Chairman of the firm’s investment committee, which oversees the firm’s research, investment, and trading strategies. Before starting Clarium, Peter served as Chairman and CEO of PayPal, an Internet company he co-founded in December 1998, which was acquired by eBay for $1.5 billion in October 2002.

Watch the video up until the 3:20 mark. Why does Thiel believe the current marginal tax rate puts the United States at a disadvantage?
4. Referring to Figure 15.6 in your textbook, how has the marginal tax rate changed over time? Does the fact that the marginal tax rate is at its lowest since the 1920s change your perspective on the issue?

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