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HORIZONTAL EQUITY: A system of taxes that treats equal people equally. In other words, if you make the same income as someone else and pay the same personal income taxes, then you have horizontal equity.
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INVISIBLE HAND The notion that buyers and sellers, consumers and producers, households and businesses, by pursuing their own self-interests do what is best for the economy automatically without any government intervention, as if guided by an invisible hand.
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Natural gas has no odor. The smell is added artificially so that leaks can be detected.
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"In a time of drastic change, it is the learners who inherit the future. " -- Eric Hoffer, philosopher
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G-7
Group of Seven
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