As stated in the text,”In truth, it is more than a coin—it is a piece of American culture.” Even though the penny has some culture, culture is nothing compared to losing money the losing money part is way more important than just being part of American culture. This shows how people can hold onto the smallest things for the dumbest reasons. Another thing stated in the text was,”Still, for many people, the penny's sentimental value remains the same.” Even though the penny may have some sentimental value the government is losing a ton of money minting new pennies because they cost more than they have in value. This shows that pennies may have value to some people but not enough to compensate for the money lost by the government for minting a penny. All in all some people believe that pennies are worth minting, but they are just of waste of
Assignment 4.1: California Government in Crisis There are many obstacles of California politics, which contribute to our inability to live the California Dream. For example, California debts continues to escalate, due to our taxation system hasn’t changed over the past years. Hence, during 2012 there was a budget gap of 16 billion dollars, which was more than the total revenues receive for general funds. Since, our taxation system depends highly on the income taxes paid by capital gain, the stock market must increase, so it can create a surplus. If that doesn’t happen, the government must find another way to finance their budget.
Citron began gambling county funds on risky investments, which paid off until 1994 when those risky investments did not pan out handing the county a one-in-a-half-billion-dollar bill owed. When the citizens of Orange County refused to agree to raise taxes, the state legislator had to step in and bailout the Orange County. The debt Orange County has accumulated and defaulted make the county and the surrounding counties undesirable for business and economic growth. Citron plead “guilty to six felony counts,” served a year under house arrest, and was fined 100,000 dollars; and the county and surrounding countries suffered financially and status (Shafritz and Borick 2011, 99). The county also
It is said that “the tax hike would bring in an additional $326.7 million in annual revenue for a state that is operating under severe budget constraints”(Teague). If the tax on smoking goers up it can bring some of that money back in. The bad thing is that Americans are still losing more money from smoking than receiving. The Oklahoma City Bombing was a true tragedy. In the Bombing “ The dead would number 168, including 19 children”(Ripley).
Several factors contributed to British colonies changing their feelings towards a possible reconciliation with the British monarchy. The relationship between the American colonist and British monarchy had not been a stable one. After years of oppression from the British monarchy, the colonist finally realized they were better off without them. Following the end of the French and Indian war, England 's national debt had more than doubled. "Half of the money collected from hard-pressed British taxpayers went just to pay the interest on this massive debt, and no more revenue could be squeezed from them without risking domestic unrest (pg 92)."
putting the security of these civilians a risk, defeats the whole purpose of social security, which is why the privatization of Social Security would be foolish. A major risk of privatization is that the transition from a “pay as you go” system to a fully funded system would be very difficult to manage, for many reasons. Currently, the taxes paid by each generation of workers fund the retirement benefits of the previous generation of workers. While each generation of workers has been confident that its retirement would be financed by the next, this confidence is eroding (Pollard 1). These trends demonstrate that as workers and retirees are living longer lives, the costs per worker are increasing, which would only be more expensive and less
Paul Waldman compares the campaigning process of a number of countries and looks at their respective policies concerning limits on contributions spending of a candidate’s campaign. For countries that have no limitations whatsoever, Waldman says “spending two or three million dollars to get a seat in the national legislature, the way American House candidates routinely do, would seem absurd.” In countries such as Sweden, Germany, or Australia, TV advertising which is the most expensive part of campaigns in the U.S., is banned. Also, campaigning is forbidden until a short period before the actual election. Perhaps these are several policies that can be brought to the U.S. Today. There is just under a year until the presidential election, yet candidates are well into their campaigns, sinking large chunks of money into advertising and traveling state to state.
The magnitude of this effect is remarkably large, and suggests that the spending choices of Swiss legislators are far from the preferred policy of the median voter. They stated that this particular institution is more than a veil—government officials apparently find it too costly to routinely subdivide projects and evade referendums. The number of bills voted on in parliament regularly increased, nearly doubling between the 1950s and the 1990s. Stability in the use of the referendum weapon is all the more puzzling as survey data clearly demonstrate that the Swiss federal system underwent a decline of confidence in government and parties, and the emergence of widespread feelings of political alienation. This loss of legitimacy is more severe in Switzerland than in other systems because popular support had dropped from very
More than 11.3 million immigrants came to the U.S. in 2016. Each year, approximately 300 thousand immigrants get deported, which means they get sent back to their original country . Some people may think positive about immigration however, immigration is negative due to economic issues, mass deportations, and terroristic threats. Illegal immigration hurts the economy because the more immigrants that come in, the more money that the government loses. For example, the U.S. government loses over 116 million dollars each year and the number keeps rising as more immigrants come in.
Another quote such as this also supports the idea, “At a time when our country is trimming back social services for our own citizens, we can hardly afford to keep the door open every year to roughly one million newcomers from poor nations.” In other words, we are letting in too many people already and anymore will shoot down social services for citizens who need it. This is why, people are wrong who say opening ourselves to the world is the best solution to