Discuss whether you believe that the excise tax placed on whiskey to pay for the national debt incurred during the U.S. Revolutionary War

Events and circumstances surrounding the whiskey rebellion are described in the video producedby Historical Spotlight http://historicalspotlight.com/the-whiskey-rebellion-video/ orhttp://www.youtube.com/watch?v=hX9gKS7uMZY.In Module 15 of the text presents the economic analysis of excise taxes and discuss variousissues surrounding excise taxes. Two issues discussed are the incidence of taxes, i.e. who reallybears the cost of taxes, and principles of tax fairness including the benefits principle.From the historic information presented in the video, discuss whether you believe that theexcise tax placed on whiskey to pay for the national debt incurred during the U.S.Revolutionary War can be justified by the benefits principle or if some other explanationseems more appropriate. In addressing this question, be sure to define what is meant by thebenefits principle.Based on the economics of tax incidence, discuss how the intensity of protest over impositionof the excise tax on whiskey to pay for the national debt incurred during the U.S.Revolutionary War may be related to the supply and demand elasticities of whiskey duringthe late 1700’s. Assume that the demand for whiskey was elastic during the late 1700’s andthat the supply of whiskey produced in the frontier regions of the country was inelasticduring this time period.