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Warren Buffet, for instance, earned $46 million last year and was taxed a mere 17.7 per cent, while his secretary who earned $60,000 was taxed 30%. Buffet, after all, super rich as he is, is not working making his money instead from investments, capital gains and dividends that, as imposed by the bush administration, are taxed at rates that are as low as 15% (Grosz, 2012). This kind of treatment should be reversed. There will be political reactions from the most wealthy and powerful in the nation. This needs to be withstood and may not have long-term ramifications.
Health insurance - Given the difficult economic times and its cumulative debt as well as given rising cost of health insurance and rising amount of people who need it, the U.S. government may well decide to make its conditions for receiving health insurance even more rigid. Consequently, less people will be qualified to receive health insurance -- less people will receive the benefits and fewer benefits will be included in the package deal. This will increase the number of people without health insurance, but may cause people to be more innovative in looking for and more importantly creating their own jobs.
I would also adopt the Bowles-Simpsons' Committee idea for having the Sustainable Growth Rate, the formula which determines physician payments under Medicare, frozen through 2013, have a 1% cut in 2014, then a reinstatement of the previous formula in 2015 starting with 2014 levels. Further cutting the physician's payment would only further decrease the notorious Medicare treatment (e.g. Hood,...
I would employ an exploratory period to assess repercussions of my activities. This too may not be too politically unsettling.
More money too may be cut from Unemployment since this may compel people to form more creative ways of seeking employment or innovating, aside from which Unemployment benefits have been exploited by people who do not need to be on welfare. The Government instead may shore money into other schemes that encourage entrepreneurship and creativity.
Source
Grosz, D. (Dec 19, 2012) Rich Make Out Like Bandits in Fiscal-Cliff Negotiations. The Daily Beast
http://www.thedailybeast.com/articles/2012/12/19/rich-make-out-like-bandits-in-fiscal-cliff-negotiations.html
Hood J, (2010 ) How to fix Medicaid. National Affairs. Jun; (4): 127 -- 42.
Washington Governor Gregoire Budget Cuts
http://www.ofm.wa.gov/reductions/alternatives/Education.pdf
CSU (2011) Governor's Budget for California State University Calls for Deep Cuts
https://www.calstate.edu/pa/News/2011/Release/GovBudget1.10.11.shtml
National Budget Simulation: The Committee for a Responsible Federal Budget. Stabilize the Debt Simulator
http://crfb.org/stabilizethedebt/
Smithotown patch (April 3, 2013) Restored High Tax Aid Drops Smithtown School Budget Deficit to $2.7M
http://smithtown.patch.com/articles/restored-high-tax-aid-drops-smithtown-school-budget-deficit-to-2-7m
Zellizer, J. (2010) Arsenal of Democracy. Basic Books, NY
Smithotown patch (April 3, 2013) Restored High Tax Aid Drops Smithtown School Budget Deficit to $2.7M
http://smithtown.patch.com/articles/restored-high-tax-aid-drops-smithtown-school-budget-deficit-to-2-7m
Zellizer, J. (2010) Arsenal of Democracy. Basic Books, NY
Clearly, restaurants and bars have their work cut out for them if they wish to capture their share of the scarce entertainment dollars in the market right now. When the main criteria for where to go becomes "whatever is nearby and cheap," that is bad news for those in the industry. Making it even more difficult for restaurant and bar owners, people are traveling less as well for the entertainment.
D.). In order to understand this idea about inventories, it is necessary to understand that if the prices were to change and not be rigid, then it would be the prices and not the inventories that would guide companies in their decisions about production. For example, if prices were increasing, a company would know that their product is popular and that they should increase the production of it. And if the
Economics While the U.S. is only showing the first signs of recovery from the global economic crisis, other nations such as Australia and China have recovered much more quickly. There are a number of factors that have contributed to the disparity in economic performance in the past three years in these different nations. In particular, three factors will be considered. The first is the situation in each country at the outset
Not only are they crucial for the movement of people, but they are crucial for the rapid movement of time-sensitive goods. Therefore the government has an interest in the survival of the industry. Government can and has involved itself through monetary policy in sustaining or resuscitating struggling airlines in order to maintain the overall strength of the industry. Taxation is another area where governments affect the industry. This again relates
Exchange Rate Volatility and International Trade The foreign exchange rate market offers investors a chance to make a considerably larger return on their investment than any other market in the world. However, along with these potential gains comes a considerable risk as well. Foreign exchange rates are extremely volatile and dependent on many variables. Understanding the factors that influence foreign exchange rates can mean the difference between profit and loss for
Bargaining Power When speaking about unions and the leverage they do or do not have at any given time, a pertinent question can easily become whether the unions are in a better position to bargain when the company is doing well or when it is doing poor. Also relevant is how the wider economy is, how the cost of living is changing (or not changing) and so forth. While it may