While a penny may seem insignificant and mundane, its monumental value too is special. From the desert of Death Valley to the tips of Mount McKinley, the penny serves as an essential persona of everyday life, as well as a symbol of our national roots. Both a convenient and recognizable component of modern American life, the penny is far too entrenched to be easily uprooted. In fact, the cost inherent in the abolition of the penny would be tremendous, and simply illogical to the “benefits” of such revolutionary change. To rid out economy of the penny, the government would first needed to confront a public greatly in favor of preserving the penny.
The main argument here is that the government is slow and doesn’t work efficiently enough no matter how much power they have. In a market economy the people and large businesses such as Walmart, Home Depot, and Lowe’s would be able to get supplies to the places that were hit faster than the government, since there would be more profit motivation. A socialist system has a division of labor and quotas that are issued. The system can concentrate efforts and resources on the major tasks required to aid in whatever disaster that needs help. For example, the earthquake that occurred in Haiti in January 2010, the socialist system would be able to gather the resources needed, such as food, shelter, medicine and building materials, and they distribute them where they are needed.
Based upon social class and political power in public policy, the United States has proven to be a nation where the economy, society, and political system do not function in the same way for all of its citizens, and everybody works for the benefit of the few, and against the interest of the many. Professors Jacob Hacker and Paul Pierson argued in their book, “Winner-Take-All Politics: How Washington Made the Rich Richer – and Turned Its Back on the Middle Class” (2010), that changing tax rates has been a major factor underlying growing inequality. They claim that the globalization and technological changes are not the causes of economic struggles of the middle and working classes in the United States. Instead they blame a long series of policy changes in government that significantly favored the very rich since the late 1970s. Those changes were the result of, well-financed and well-organized efforts by the corporate sector to push government policies to lean in favor of the very wealthy.
Meaning that the number of people working is undetected. The downside to this is the macro economic policies are likely to be too expansionary and social policy too excessive. The second issue is these underground economy wages are escaping taxation which causes a loss in tax revenue. Lastly it shows that the citizens and the government have an unhealthy relationship. The taxpayers are not happy with the public services from the government and seek help with out having to pay taxes.
It seems that in the metaphor rich nations are playing the role of King while poor nations become paupers that could contribute nothing but only wait for help. This metaphor is so unfair because it totally distorts the relationship and exaggerates the differences between rich nations and poor nations. As we know, in the modern society no single nation could survive without the premise of intercommunication and mutual benefit. Even for the wealthiest and strongest nation the United States, imports and foreign help are quite necessary. For
Everest University | Shoplifting and the Economy | Hidden Effects | | Shannon R Courson | 6/27/2014 | Demonstration of the many effects, both hidden and unhidden, that shoplifters hold in little regard while participating in completely selfish behavior. | When we shoplift we seldom think about how this affects customers, taxpayers, and our families. It is a selfish act that has a very negative impact on the economy. Millions of dollars are lost yearly because of this complete lack of concern. Millions of more dollars go into providing salaries to law enforcement and loss-prevent personnel, who work very hard to fight for justice and public safety.
The problem with power is that "power corrupts and absolute power corrupts absolutely". So whoever has the power to control will not be willing to give it up. Preservation of power becomes the game and human life counts for nothing. In a society where one unwilling beggar roams the streets, the biggest psychological fear of the rich and powerful is to become a beggar one day. So that person will do everything in their power to accumulate more wealth to ensure that poverty will never happen to them.
Your hours with the kids thought is also moronic, buy yourself a calculator, take it out of the box and read the instructions…. No, the BCTF is screwing with education using it as a lever to extort $$ for their mediocre membership. A union environment will NEVER attract the best and the brightest because in a union everyone gets paid the same. In the non union (real) world the best and the brightest get paid way more for their contributions that the average union slob who is more concerned about his contracted pro-d days that doing their job! Nothing simple about the economics of unions.
When the federal government is saying there is less inflation than there is, but it’s noticeable in the price of goods, people begin to lose trust in the economy. They don’t truly understand how it affects people on a personal level. We have nothing left to back up the current currency being printed due to Nixon’s termination of the gold standard leaving the world’s economy to fend for itself. The government degrades the side affects of the economy that has produced higher inflation costs, creating more money than what is being backed up, and cronyism. They are not solving the problem; they are just pushing it further into the future and making it worse.
Immigration, damaging or helpful? Immigration has been a problem in the United States since before the country was established. Many citizens and politicians claim that illegal immigration is a hindrance to the country’s economy because immigrants take American jobs and that they don’t pay taxes. They also agree that our government spends too much money in keeping them out. People on the other side of this argument claim that immigrants help by taking unwanted jobs with very little pay, and in doing that they are helping keep the prices of domestic goods down across the country.