Newest California Fire Burns 65 Structures

The video discusses the negative impact of higher taxes, describing it as a 'real bummer.'

What is a common term used to describe an unfortunate situation in economic policies?

• Real bummer

• Great success

• Minor setback

• Major breakthrough

What is one potential outcome of higher taxes?

• Reduced government revenue

• Lower public spending

• Higher cost of living

• Increased disposable income

Which of the following is NOT a likely result of increased taxation?

• Increased savings

• Decreased consumer spending

• Lower business investments

• Higher public services funding

How might higher taxes affect businesses?

• Encourage expansion

• Reduce profit margins

• Increase employee wages

• Lower production costs

What is a possible social impact of higher taxes?

• Decreased healthcare access

• Improved public infrastructure

• Lower education standards

• Increased inequality