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If given the opportunity to amend the policy, what action would you take and why?
The national proposal to increase sin taxes on alcoholic beverages is long overdue and should be supported not only by all sectors of the government but the American public most especially. The fact is well-known that alcohol consumption is not only dangerous for the consumer but also has various economic and social harms for the society as well as users' immediate environment. It means that alcohol can affect not only the drinker but other people in the form of violence or road accidents. Taxing alcohol at higher rates will provide a mechanism that will taper buying due to high prices. But I believe that taxing alone should not be the only thrust of this policy. Rather, continuous education and awareness campaigns by both the public and private sector will go further to ensure that people will be cognizant of the dangers of alcohol consumption.
Statistics have provided grim facts and evidences to the menace of alcohol consumption in society where almost 95,000 people died due to over-consumption of alcohol in United Sates in early 2000s. In the United States alone, approximately 7000 people die under the age of 21 due to excessive usage of alcohol. Thus, the policy should not concentrate merely on taxation...
In addition, laws should be amended to increase penalties for those causing deaths and injuries and engaging in criminal acts resulting from alcohol use. This three-pronged approach -- taxation, education, and legal liabilities, will not only be deterrents but provide the viable mechanism that can curb alcohol usage in the country.
3. Please share any additional information about yourself that you believe would be of interest to the Admissions Committee.
We all have learnt what honor, courage, and commitment are as far back as our primary education years. The true meaning of these words though can be truly realized when a person enters public service and performs the duties and responsibilities of the office with vigor, zeal and fortitude. Thus, as a public servant, the deeper meanings of these words were instilled in me not only by the organization that I served but by those who have mentored me and ensured that I become a better person. In the navy, I am able to project these character traits not only through the work that I do but via the leadership skills I learnt. As I come from an Eastern background (China), and have been raised in the Western world, my leadership skills encompass both the cultures. My leadership is the "best of both worlds" so to speak, and I know that these will further improve once I have completed the rigors of training and education at SIPA especially in the field of international policy with concentration in Chinese expertise.
The challenge of saving for a home and getting $15,000 into a Roth IRA is the most difficult principle of goal setting. There are many challenges to saving for a down payment and also getting a significant amount into a Roth IRA. What makes this dimension of goal setting so challenging are the unforeseen events and older appliances that tend to break, and the car repairs. It's my observation that
It may also include goals concerning the attainment of education for the individual or their children. During this time the individual should establish both short-term and long-term goals (personal finance). The third step in the financial planning process concerns itself with detailing how the goals set forth in step two will be accomplished. For example, certain expenses may need to be reduced and certain investments may need to be made
16. Help Rebecca and Jay apply four steps of the smart buying process to decide whether to replace Vehicle #2. What sources of consumer information might be useful to them? According to Auto Channel the four steps are: Determine your practical needs for a new vehicle, determine your budget and stick to it, determine your emotional needs, which car or truck really makes you happy when you drive it, and
Personal Finance: Making Good Decisions Financial decisions can have lifelong implications. Before taking this class, although I had a basic understanding of how financial problems could be calculated as equations, I did not necessarily know how to make optimal decisions in the real world. Making good financial decisions requires making an intelligent risk versus reward analysis. All decisions require an economic sacrifice or have an opportunity cost. The money diverted to
In addition, liability insurance covers damage done to other's property, should the insured become legally liable for the damages. Boiler insurance was originally created to cover loss due to insureds owning a pressure boiler. However, today, boiler insurance is often more aptly renamed equipment insurance. Equipment insurance will provide coverage for mechanical breakdowns of equipment, including the cost of repairing or replacing the equipment. The equipment can include: air conditioners, hot
College Students Need Personal Finance Education Often, the twenty-first century is referred to as the "Information Age." With a few keystrokes, a large percentage of individuals on the planet is able to access incalculably large databases containing the sum of human knowledge. No longer do students have to toil for hours in paper-based libraries to complete research; most research can be attained in the home via the Internet. Furthermore, individuals can