6. Problems and Applications Q6
Daniel Patrick Moynihan, the senator from New York from 1977 to 2001, once introduced a bill that would levy a 10,000 percent tax on certain hollow-
tipped bullets.
A 10,000 percent tax on bullets likely to generate a lot of revenue.
Why might Senator Moynihan have proposed it?
To boost the manufacturing industry of hollow-tipped bullets
To discourage the use of hollow-tipped bullets
To raise revenue to support law enforcement