china spends the most money on their military.
who spends the most money on their military?
china
the main problem with implementing such a radical tax would be finding acceptance. although such a system might find acceptance within some nations, particularly those (1) with a history of neutrality, (2) without an active military (such as costa rica), or (3) with lower levels of military spending (such as japan, which currently spends 1% of its gdp on defense), it would be unpopular among many consumers of arms. nations in this latter category range from the united states, which spends 4% of its gdp on defense, to dictatorships who depend on arms to keep themselves in power. other likely opponents would be nations engaged in ongoing military conflicts, or others in a state of heightened military alert, such as israel. arms producers would also oppose it, because it would increase their costs and possibly reduce their consumer base.
reform of the united nations
taxpayers' money help to pay for the items on the federal budget. the gap between revenue (money collected via taxes) and spending is known as the budget deficit. the money the federal government borrows to cover the budget deficit is what creates the national debt. the government spends money for a variety of reasons: reduce inequality (“safety net” programs), provide public goods (fire, police, national defence), provide important public services like education and health (merit goods), debt interest payments, transport and military spending. the “safety net” programs are initiatives that give extra financial support to the elderly, unemployed, disabled and the poor. examples include the earned income tax credit, child tax credits, unemployment insurance, food stamps, subsidized school meals, low-income housing assistance, energy assistance and more. the federal government spends its money in four major ways: direct payments, grants, contracts and insurance.
taxpayer