Consumption function

It’s already hard enough to be a woman in our society. Woman go through so much like carrying a human being for nine months, birth, and especially our reminder of it every month for a week when we have our menstrual cycle. But does it have to be expensive to be a woman too? Pads and tampons are not a choice for woman so why are they taxed? Every month woman use and need pads and tampons they are medical necessities not a luxury. A women’s period should not be taxed and should not feel like an…

In the endeavor of increasing income equality, multiple laws, regulations and tax credits have been effectuated. For a period of three decades, economists have advocated the use of a tax system for this purpose. For example, transferring the responsibility to a tax system such as Earned Income Tax Credit (EITC) has been proven to be more efficient than other methods, such as the welfare system. The welfare system has not been completely transferred to a more efficient tax system due to political…

(TCO F) Answer completely all of the following questions: Why do state and local governments go into debt? What is a municipal bond? How does a municipal bond differ from a corporate bond? What is Net Interest Cost (NIC) and how does it differ from True Interest Cost (TIC)? What role does TIC play in governmental capital project financing? 5. (TCO E) What is the purpose of a tax system? One of the basic criteria that is considered when a tax system is evaluated is the equity standard.…

Over the past several decades, a disparity in the achievement of low-income schools and high-income schools has slowly hurt the United States. As someone who experienced life near a neighborhood that featured low-income schools, their situation becomes more understandable. The economically disadvantaged students in low-income schools are frequent victims of an issue that has plagued the United States for many years. In these schools, they are presented with many disadvantages that hurt their…

Mankiw said in his article, Much to Love, and Hate, in a VAT, that the American tax system is clearly inefficient and inhibits the economy’s ability to reach its full potential. Taxing consumption is better than taxing income, and a value-added tax does exactly that. The value added tax system (VAT) is a form of consumption tax. In short the VAT is attached to each stage of a product’s sale price. Thus, when a product or service is acquired a value tax is added to the transaction. The value…

The world is steered by those who have the most power; these powerful individuals stand in the highest ranks of the social class. However most of these individuals are not born powerful, many have to work in order to get where they are and some find themselves lost in the depths of illegality to obtain their riches and luxurious lifestyles, they do whatever it takes to obtain the so highly pursued American Dream, that sounds so distant yet obtainable in just two words. In the Novel The Great…

I read The Theory of the Leisure Class by Thorstein Veblen; The book was published in 1899 by Macmillan. From a biography on Encyclopedia Britannica I found that Veblen was a graduate of Carleton College, and went on to study at John Hopkins and Yale; Earning a Ph.D. from the latter in 1884. After spending seven years reading on his father’s farm he went to Cornell as a graduate student, and then on to the University of Chicago where he became an instructor in economics in 1896. He published The…

The Treadmill Of Consumption by James A. Roberts refers to the consumption of substantial goods in which people believe they will become happier just by acquiring enhanced material goods. People over consume and are never convinced with what they already have but, rather aim for more and considerable possessions. Under the Treadmill Of Consumption people grow into very competitive as well as rapacious and have the urgency to over consume in order to feel gratified. We no longer look at value as…

that helps to offer insight into the subtleties of social class that make it so difficult to define. Using the writings of Thorstein Veblen on “conspicuous consumption” as a baseline, we can begin to pick apart the “redneck neighbor” and uncover some underlying themes about social class. More specifically, the focus will be…

Peer Counselling: My Experience, Interests and personal traits for the field. Peer counselling is a lot more complex than just speaking to peers about various problems. Because of its complexity it is not for everyone. Various personal traits may very beneficial to the field however there are other traits that may just get in the way. Also just having experience as a helper in any capacity can be plus if interested in peer counselling. With all this being said, I will reflect on various aspects…