The myth stated that having a Flat Tax would simplify the tax system and make it fairer for everyone. This is not true because of how progressive the income tax is. It is changing all the time and the higher your income the higher your tax rate, so having a flat tax rate would be similar to communism. A high-class working millionaire would then pay the same as a school teacher which is obviously nor fair due to different income. People who oppose the flat tax also state that it penalizes the low-income segment population. They have to spend the same amount of money on household necessities as high-income people do, but because they have less money they won't have as much left over to pay taxes than the people of a higher income tax. IRS employees will most likely lose their jobs because they were trained to work in the tax industry which would be greatly affected by the flat tax system. The government also relies heavily on revenue generated from income taxes. The flat tax system seems unfair and not logical at all because it resembles communism so much it is extremely unfair and would benefit the high-income population. It is not a solution to make the tax system a fairer system for the people but rather a bigger problem.
http://smallbusiness.chron.com/pros-cons-flat-tax-4210.html
Monday, January 25, 2016
Friday, January 22, 2016
Income "Gap" and Taxation
Important as a campaign issue, underlying the division between the haves and the have nots, and also clearly economic, lets look at the income gap and taxation this next week.
Posted is a video that provides the history of the minimum wage:
Posted is a video that provides the history of the minimum wage:
Watching that will provide you with some historical perspective. Then read the following article that claims to reveal
In your post take one of the myths and explore its accuracy. Find a source that will provide you with some help and be sure and post the url.
You should write about your findings / implications and your reaction to this information.
You should write about your findings / implications and your reaction to this information.
Hillary Clinton
Gabi Schermer
AP Gov
Hillary Clinton is mostly being supported by Individual Incorporations. Small Individual Corporations make up for 17% of the funding while Large Corporations make up 81% of the funding. PAC Contributions makes up 1% of the contributions. The donations from the corporations is about 76,000,000 dollars. PAC is roughly 600,000 dollars. The reasons behind corporations supporting her is the business she is involved in and some corporations will get notice if she represents the democratic party and is basically benefitting themselves while funding her. The people in the corporation's funding her the main one being Hillary for America is her campaign corporation which is mostly for her supporters who donate to hopefully see Hillary as the democratic candidate. They fund her because they support her in the election.
I think the money involved in politics is a huge problem. Especially when competing in an election the candidates spend millions, our country throws millions of dollars into election campaigns. It is unnecessary how much money this country spends on advocating for our next president when the money could be used to help better our country. I am shocked out how much money is donated to each candidate's individual funding campaign. Millions and millions of dollar for each candidate who may not even make it to the actual election. Nothing about the money involvement assures me because I think the whole thing is ridiculous when we could be using the money for more valuable issues then attacking your opponent over the TV.
AP Gov
Hillary Clinton is mostly being supported by Individual Incorporations. Small Individual Corporations make up for 17% of the funding while Large Corporations make up 81% of the funding. PAC Contributions makes up 1% of the contributions. The donations from the corporations is about 76,000,000 dollars. PAC is roughly 600,000 dollars. The reasons behind corporations supporting her is the business she is involved in and some corporations will get notice if she represents the democratic party and is basically benefitting themselves while funding her. The people in the corporation's funding her the main one being Hillary for America is her campaign corporation which is mostly for her supporters who donate to hopefully see Hillary as the democratic candidate. They fund her because they support her in the election.
I think the money involved in politics is a huge problem. Especially when competing in an election the candidates spend millions, our country throws millions of dollars into election campaigns. It is unnecessary how much money this country spends on advocating for our next president when the money could be used to help better our country. I am shocked out how much money is donated to each candidate's individual funding campaign. Millions and millions of dollar for each candidate who may not even make it to the actual election. Nothing about the money involvement assures me because I think the whole thing is ridiculous when we could be using the money for more valuable issues then attacking your opponent over the TV.
Hillary Big Money
The candidate that I have chosen to follow is Hillary Clinton. After exploring open secrets, I found were Hillary was receiving the majority of her money for her campaign. Her campaign committee, Hillary for America, has raised over 77 million dollars for her campaign. I went to the committee official website and right on the front it says join the campaign and then to give a donation right at the top of my the page in big letters. As you scroll down a bit further it gives news on policies that Clinton wants to have as president. After exploring Hillary for America I researched her second biggest donor for her campaign; it was a super PAC called Priorities USA Action, which raised by over 15 million so far. After doing research I found that the super PAC gets the majority of their donation from individual donors who usually donate 500,000 or more at a time. When I say individual donors, I mean big corporations and unions.
Personally, I believe that money has way too big of an influence on politics and the election process for that matter. Big corporations give these huge donations to candidates in order to get what they want if that candidate happens to get into office. Not only that these corporations also think that they're above the law since they can throw there big money at the government, not only does this influence politics but it also effectively influences everyday life for everyone. If money keeps becoming such a huge factor in politics, we will soon turn into an obligatory society, which is horrid to think of. Something I was confused about was that Hillary's campaign committee, Hillary for America, was in debt by altitude over half a million dollars, even though they had over 32 million dollars on hand. How is it possible that they're in debt even though they easily have the money to pay it off? A concerning thing about all this money in politics is that, as of the past couple elections, the Democrats have focused more on receiving money from super PACS, even though they're suppose to be opposed of all this big money. So if the Democrats are sitting aside their believes for money, it shows how big of an influence money has on politics, which concerns me now, but more importantly for the future.
Personally, I believe that money has way too big of an influence on politics and the election process for that matter. Big corporations give these huge donations to candidates in order to get what they want if that candidate happens to get into office. Not only that these corporations also think that they're above the law since they can throw there big money at the government, not only does this influence politics but it also effectively influences everyday life for everyone. If money keeps becoming such a huge factor in politics, we will soon turn into an obligatory society, which is horrid to think of. Something I was confused about was that Hillary's campaign committee, Hillary for America, was in debt by altitude over half a million dollars, even though they had over 32 million dollars on hand. How is it possible that they're in debt even though they easily have the money to pay it off? A concerning thing about all this money in politics is that, as of the past couple elections, the Democrats have focused more on receiving money from super PACS, even though they're suppose to be opposed of all this big money. So if the Democrats are sitting aside their believes for money, it shows how big of an influence money has on politics, which concerns me now, but more importantly for the future.
Tuesday, January 19, 2016
The Influence of Money in Politics
Read the article:
The Families Funding the 2016 Presidential Election
then explore this web site, seeking information about who is supporting your preferred candidate:
Who is supporting him / her? How big are the donations? What might be the reasons behind this support? What do these people / organizations / super PACs believe?
opensecrets.org
Finally, react to this information. Is the influence of money in politics a problem? Why or why not? What questions do you have, what surprises you, reassures you?
There should be at least 2 paragraphs, 1 discussing results from Open Secrets, the other your reaction. You must also react to one other students' post, respectfully.
Post all this is a comment to this post. You can comment directly to another students comments within this as well. DUE FRIDAY - FOR POLICY DAY
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