As the ageing population continues to grow, the dependency ratio will continue to rise and there the ratio of workers to dependents in unbalanced. There are less people to support those that are dependent both financially, through taxes perhaps, and socially. To combat this, Governments could increase taxes so that there was more funding to support the elderly, as in pay for their residential and medical care, but this would cause disputes among taxpayers. An alternative to this would be to revoke pension and service rights or by introducing a cost, which would exclude elderly people that belonged to the proletariat. Marxist would suggest that introducing a higher tax or introducing costs for welfare support would be society’s way of extending the oppression of the proletariat, keeping them poor and preventing revolution to form a communist
If it were not for the family unit, then I do not believe that undocumented workers could possibly handle the costs associated with cash lender services. However, without federal regulation of these predatory services, then the cycle of poverty will continue within immigrant communities. The longer we remain ignorant about our country’s banking system, the longer we continue to suppress the upward mobility of the poor and benefit from their economic
Without taxes, individual citizens are required to provide for themselves in a time of unforeseeable hardship. The payment of taxes also offer Medicare benefits for senior citizens who don’t have the ability to take care of themselves, by providing nursing homes, and facilities for disabled citizens. With this money, the government can also help the less privileged to lead a better
The weaknesses that Kudler may face would be the financial burden of going public. Sometimes expenses pile up just from seeking help from outsiders to protect the investments. The economy has fluctuated over the years; therefore the company needs to ensure they have contingency plans in place when business may not be as stable. There are ample opportunities that can come about from selecting an IPO. A company's debt-to-equity ratio will usually improve after going public, which tends to result in more favorable financing arrangements (2014, Going Public, para 1).
One reality of retirement is saving funds the older adult has acquired throughout their working life to help them pay for the expenses. Aside from 401k's and IRA's, enough money should be put aside during their working years. This will prevent under saving and also cover any unexpected expenses that come during retirement. Older adults needs to create a budget plan that is realistic of the expenses of what it may look like in retirement. One main social problem that needs to be addressed to improve older adult’s retirement experience is the rise in healthcare cost.
Encouraging older Americans to utilize their resources needs to reach them on a more intimate level than the general services that are being offered. Perhaps incentive and more services for caregivers may also allow older Americans to be exposed to existing services. A well-written policy does not always translate to well-funded, well-managed or well-executed programs. It seems that there have been adequate systems in place within the OAA they are just grossly underfunded. People are living longer and the population of these elders is increasing and cannot be properly executed with a diminishing budget.
Individuals that can afford health care will unfortunately have to pay more to cover those that can’t. The 30 plus million Americans that currently have their own insurance plans, are now facing the unnecessary hardship of receiving cancellation notices due to their plans not meeting the “Obama Care” requirements. Which goes against the initial promise stated by President Obama “if you like your current plan, you could keep it”. As stated before, the money to cover health care cost has to come from someone, who? There’s no magic formula to solving the health care predicament facing a good percentage of Americans.
Some federal programs have become so complicated and wasteful that perhaps the states should just let them die. Isabel Sawhill asserted that the two most significant recent changes in U.S. intergovernmental relations have been the enactment of a long-term plan for eventual reduction in federal aid to state and local governments and the substitution of block grants for matching grants. The potentially adverse ramifications of aid reduction have yet to surface because the strong economy has shrunk welfare caseloads and TANF offers states generous short-term increases in assistance relative to what they would receive under the old AFDC program. However, states would probably lower their levels of welfare benefits if the economy fell into recession, the incidence of single-parent families and poverty among children continued to rise, and the long-run caps on
First and foremost, any major overhaul of a government program will require a lot of money to even carry out any change. Since social security is probably the biggest government funded program, the change to privatization would cost the government nearly 2 trillion dollars. Aside from the major costs to change the current social security system, the idea of investing in the stock market with an individual own private account can also be very risky, especially if they were to invest these funds in the stock market, the individual could very well lose all the money they had saved. Investing one’s retirement funds in the stock market can prove to be a volatile option. Another negative aspect of privatization would be the decentralized nature privatization would be.
The number one cited concern for opponents concerns the initial investment costs of developing such a system. Given the status of the economy and the government’s financial problems, and an immediate investment of an estimated $634 billion and $1.5 trillion over 10 years, the United States simply cannot afford to implement a system in the immediate future (CATO, 2011). A lesser concern, but valid nonetheless, is the idea that government mandated healthcare will eliminate the private healthcare industry and reduce in a lack of incentive to pursue medical professions due to lower earnings and more government control (2011). The most significant concern is what role will politics play in government sponsored universal healthcare. With heated issues such as abortion, stem-cell research, and even assisted death, how can the government ensure medical policies do not change as fast as politicians in