4. Ghana faced a severe flood that was caused by sewage drains being clogged by plastic bags, killing at least 150 people. These plastic bags serve as a concrete symbol of the spending spree Ghana’s rising consumer class has been on over the last decade. Since, Ghana lacks the infrastructure to support the garbage from the increase in spending, the country suffers multiple day blackouts and multiple hour traffic jams, which has stunted the projected growth of the country to only 3.5% this year, while during 2002 to 2012 the country averaged 8% growth. To combat the garbage problem the government has set up dumpsters throughout the town, but the dumpsters fill up quicker than the garbage can be collected; the government now plans to install
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According to the article “Paul Calls for a Flat Tax Rate of 14.5%,” Senator Rand Paul wants to eliminate the current tax code and replace it with a federal flat tax of 14.5%. By creating a flat tax, it would reduce government tax by over $2 trillion over 10 year or at least 5 %, by cutting spending and avoiding adding to the already astronomical deficit. Paul hopes to eliminate all taxes on workers, as well as many tax deductions, and apply the new tax rate to all personal incomes. The flat tax rate provides for the working class—leaving more money in their pockets. Continuing on the same topic Rand Paul’s article, “Blow Up the Tax Code and Start Over,” goes into further detail on what the tax would apply to and what would be exempt, but more importantly explains why there needs to be a change in the tax code. Paul believes that the tax system is unfixable, because it is extremely unethical, convoluted, and invasive. Through the current tax code there are special interest loopholes, and between 2001 and 2010 there were over 4,430 changes to tax laws. Most recently, Senator Paul feels that President Obama’s redistribution polices have increased the inequality of income distribution. By implementing the 14.5% flat tax rate, it will accelerate the economy and pull us out of the slow progression of the last ten years, increase aggregate domestic production by at least ten percent, and generate 1.4 million new jobs. The largest challenges faced will be overcoming special-interest …show more content…
Yes people with higher incomes will pay less and people with lower income will pay more, but there are so many special interest loopholes in the current tax code that prevent companies and possible individuals from paying in their correct tax bracket that a flat tax rate would eliminate special privileges and exemptions if one has political connections. However, I feel as though it will take long than Senator Paul things to be able to decrease the deficit, especially because he would have to pass legislation that cuts whole departments and spending. It will be interesting to see how this issue
According to the article “Paul Calls for a Flat Tax Rate of 14.5%,” Senator Rand Paul wants to eliminate the current tax code and replace it with a federal flat tax of 14.5%. By creating a flat tax, it would reduce government tax by over $2 trillion over 10 year or at least 5 %, by cutting spending and avoiding adding to the already astronomical deficit. Paul hopes to eliminate all taxes on workers, as well as many tax deductions, and apply the new tax rate to all personal incomes. The flat tax rate provides for the working class—leaving more money in their pockets. Continuing on the same topic Rand Paul’s article, “Blow Up the Tax Code and Start Over,” goes into further detail on what the tax would apply to and what would be exempt, but more importantly explains why there needs to be a change in the tax code. Paul believes that the tax system is unfixable, because it is extremely unethical, convoluted, and invasive. Through the current tax code there are special interest loopholes, and between 2001 and 2010 there were over 4,430 changes to tax laws. Most recently, Senator Paul feels that President Obama’s redistribution polices have increased the inequality of income distribution. By implementing the 14.5% flat tax rate, it will accelerate the economy and pull us out of the slow progression of the last ten years, increase aggregate domestic production by at least ten percent, and generate 1.4 million new jobs. The largest challenges faced will be overcoming special-interest …show more content…
Yes people with higher incomes will pay less and people with lower income will pay more, but there are so many special interest loopholes in the current tax code that prevent companies and possible individuals from paying in their correct tax bracket that a flat tax rate would eliminate special privileges and exemptions if one has political connections. However, I feel as though it will take long than Senator Paul things to be able to decrease the deficit, especially because he would have to pass legislation that cuts whole departments and spending. It will be interesting to see how this issue