Daniel Patrick Moynihan, the late senator fromNew York, once introduced a bill that

Chapter 8, Problem 6

(choose chapter or problem)

Daniel Patrick Moynihan, the late senator fromNew York, once introduced a bill that wouldlevy a 10,000 percent tax on certain hollowtippedbullets.a. Do you expect that this tax would raise muchrevenue? Why or why not?b. Even if the tax would raise no revenue,why might Senator Moynihan haveproposed it?

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