The difference between Direct and Indirect taxes

2. With the use of examples explain the difference between direct and indirect taxes.  (200-300) The difference between direct and indirect taxation is the a direct tax is takes strait out of a persons income, where as an indirect tax takes a proportion of the money spent on other goods. All legal citizens must pay [...]

Read Full Post »

“When Good Tax Cuts Go Bad”

http://www.americanthinker.com/blog/2010/07/when_good_tax_cuts_go_bad.html July 28, 2010 When Good Tax Cuts Go Bad Tom Rowan Tax cuts are a form of stimulus which puts more money in the pockets of Americans by not charging them as much, in comparison to a stimulus package that sends a check to families from the government, which Americans will eventually have to [...]

Read Full Post »

the difference between a progressive tax and a regressive tax

SL and HL Formative Writing: With the use of examples, explain the difference between a progressive tax and a regressive tax. (200-300 words) Tee difference between a progressive and a regressive tax is that a progressive tax is a direct form of taxation where the rate of taxing increases as income increases, whereas a regressive [...]

Read Full Post »

Hayek vs. Keynes

For a century Hayek and Keynes values battled for attention on the macro economic scale. keynes valued the socialistic big government values, while hayek beleived in the invisible hand to guide the free market. for the better part of the 20th century the worls was keynsian, policizing his theories. The world went through communist, facist, [...]

Read Full Post »

Wall Street Reform

The US so called capitalism economy has socialized its way though the economy with stimlus and bailouts, so when wall street reform is mention, its not surprising. The governments control over commanding heights in the economy, like GM, has increased, so controlling the heart of the market palce would be a stategic move for obama. [...]

Read Full Post »

Toyota Trouble 2

Following up my previous post on the car company Toyota: Toyota is desperetly attempting to salvege their repution. The company built an enterprise on the label “moving forward” and having safe, reliable cars. But now Toyota has gone back on many promises. it shoudl always be moving forward, but now, if anyhting, its is rolling [...]

Read Full Post »

Greece in Trouble

http://money.cnn.com/2010/04/28/news/economy/greece.fears.fortune/index.htm?cnn=yes according to the CNN article, europe has been “dragging its feet” in regard to bailing Greece out during its market collapse. Stimulus and buying their way out fo trouble has been the reaction to the economic downturn most recently. The US had its biggest ever stimulus package signed and released to buy the american [...]

Read Full Post »

World’s Best Economy

After viewing the class presentations on the worlds best economy, the current best economy seems to be the United States. It’s high GDP per capita, government expenditure on health care, and tertiary education rates, along with it’s history of power gives it an edge on most other economies. This is all with a captialist economy, [...]

Read Full Post »

Japan’s Slump

1.) Deflation is not neccisarly a good thing, as it has caused Japan’s “lost 2 decades”. 2.) Japan depended on exports to help it grow, but when they lost low wages in korea and vietnam, they also lost their growth. 3.) Another problem is Japan’s ageing population, which decreases it’s able work force and its [...]

Read Full Post »

GDP information on the USA

1.Real GDP for the last decade—– Year  GDP-US – 2000 9951.5 2001 10286.2 2002 10642.3 2003 11142.1 2004 11867.8 2005 12638.4 2006 13398.9 2007 14077.6 2008 14441.4 2009 14258.2 2010 14728.8 2.Real GDP per Capita for the last decade—– Year  GDP-US  - 2000 11226 2001 11347.2 2002 11553 2003 11840.7 2004 12263.8 2005 12638.4 2006 [...]

Read Full Post »