The Wealth of Nations Book 5 Chapter 1 Part 4 - Who Should Pay for Public Cost?

Get the original book: https://amzn.to/3W5xeku
Learn about The Wealth of Nations on our website: https://easyeconomics.net/video-series-economics-books/the-wealth-of-nations/
Watch our video series about The Wealth of Nations by Adam Smith:
https://rumble.com/playlists/bDlhDvvVL8Q
Watch our video’s about other economics books: https://rumble.com/playlists/dJGTX0xbi6E
Watch the next video in this series:

Who should pay for public services like defense, justice, and infrastructure? This video explores how governments should distribute the costs of essential services. National defense and the justice system benefit society as a whole, so it makes sense to fund them through general taxes. However, when individuals directly benefit from services like education or road use, direct payments or fees may be fairer. Should travelers and merchants pay tolls? Should students cover the costs of education? This video examines how to balance fairness and efficiency when funding public services.
Questions Answered:
Who should pay for national defense and the justice system?
Should local services be funded through general taxes or local fees?
Are tolls and road fees fair for travelers and merchants?
Should education be funded by taxes or student fees?
When should general tax revenue cover public services?

00:00 - Introduction to the video
00:04 - Introduction to Public Costs and Who Should Pay Them
00:10 - National Defense and Justice System
00:43 - Local Expenses and Transportation Networks
01:16 - Education, Religious Instruction, and Government Funding
01:49 - Government Revenue and Conclusion

Hashtags:
#PublicFunding #Taxation #GovernmentSpending