The document outlines 10 key things voters should know about the economy before the November election, including:
1) The debate between "supply-side" and "demand-side" economic theories.
2) Arguments around tax policy and the federal budget deficit.
3) The Federal Reserve's role in monetary policy and managing interest rates.
4) The rising federal debt and questions around spending vs. balancing the budget.
5) Issues surrounding large banks and financial institutions.
6) The growing costs of social programs like Social Security and Medicare.
7) Problems in the U.S. healthcare system.
8) Impacts of free trade and globalization.
The Benefits of a Public Bank for New York State; the Derivatives explosion (nominal value of $1.2 quadrillion); The joint FDIC-Bank of England Proposal to forcibly swap deposits (incl. state deposits) for equity in a failing bank; The Public Banking model based on the Bank of North Dakota; The specific state bill for New York state; What the Fed can and can't (or won't) do to save municipalities
Four Trillion Dollar plus solutions to our Economic Problems, tried and proven.
- Sovereign Money
- Georgism
- Public Banking
- Ending Government Financial Asset Hoarding (GFAH)
Based on my new book: America is Not Broke! Available on Amazon: http://amzn.to/1Ihcc54
AMERICA IS NOT BROKE! Four Multi-Trillion Dollar Paths to A Thriving America The unsustainability of the American economy is as familiar as the newscycle. There is no money for social programs, no money to run the government, no money to cut taxes, and above all, we have to cut, cut, cut. But, what if it's not true? Instead of familiar complaints about the national debt, leading to just slicing a shrinking economic pie differently, or worse, to Austerity Economics, the reality is that we already have all the wealth we could ever need. The tried and proven proposals in America Is Not Broke would guarantee America's prosperity, fairness, democracy, and economic and ecological sustainability. Four multi-trillion dollar reforms: Sovereign Money, Georgism, Public Banking, and Ending Government Financial Asset Hoarding, plus a few other major reforms, show how we can have it all, if we only learn where to look.
The Benefits of a Public Bank for New York State; the Derivatives explosion (nominal value of $1.2 quadrillion); The joint FDIC-Bank of England Proposal to forcibly swap deposits (incl. state deposits) for equity in a failing bank; The Public Banking model based on the Bank of North Dakota; The specific state bill for New York state; What the Fed can and can't (or won't) do to save municipalities
Four Trillion Dollar plus solutions to our Economic Problems, tried and proven.
- Sovereign Money
- Georgism
- Public Banking
- Ending Government Financial Asset Hoarding (GFAH)
Based on my new book: America is Not Broke! Available on Amazon: http://amzn.to/1Ihcc54
AMERICA IS NOT BROKE! Four Multi-Trillion Dollar Paths to A Thriving America The unsustainability of the American economy is as familiar as the newscycle. There is no money for social programs, no money to run the government, no money to cut taxes, and above all, we have to cut, cut, cut. But, what if it's not true? Instead of familiar complaints about the national debt, leading to just slicing a shrinking economic pie differently, or worse, to Austerity Economics, the reality is that we already have all the wealth we could ever need. The tried and proven proposals in America Is Not Broke would guarantee America's prosperity, fairness, democracy, and economic and ecological sustainability. Four multi-trillion dollar reforms: Sovereign Money, Georgism, Public Banking, and Ending Government Financial Asset Hoarding, plus a few other major reforms, show how we can have it all, if we only learn where to look.
Chris Irons - Quoth the Raven Research - "Short the Whole F***ing Thing" Slid...quoththeraven
Chris Irons, founder of Quoth the Raven Research - slides and presentation from the Kase Learning "The Art of Short Selling" conference held on May 3, 2018 at the New York Athletic Club.
This paper is a summary of press clippings gleaned from Internet during the period April to July 2008. This exercise was performed to provide a quick summary of the US credit crisis at that particular point in time / 2nd quarter 2008. The paper was presented to a non native English speaking European audience consisting primarily of insolvency judges July 3rd 2008 in Paris.
Fears of the U.S. economy falling off a “fiscal cliff” have been percolating among investors, conjuring up frightening images of a deep recession. But the chances of it actually happening in its entirety are slim, say Allianz experts.
Western governments are hopelessly addicted to deficit financing while refusing to address looming funding issues - with apologies to the embarrassingly foolish Angela Merkel, politicians can no more successfully “battle” the markets than you and I can successfully “battle” gravity. Petrocapita is an investment trust built around the premise that demand for energy will continue to move prices higher over the long-term. Petrocapita was created to allow investors to add professionally managed oil & gas assets directly to their portfolios.
Chris Irons - Quoth the Raven Research - "Short the Whole F***ing Thing" Slid...quoththeraven
Chris Irons, founder of Quoth the Raven Research - slides and presentation from the Kase Learning "The Art of Short Selling" conference held on May 3, 2018 at the New York Athletic Club.
This paper is a summary of press clippings gleaned from Internet during the period April to July 2008. This exercise was performed to provide a quick summary of the US credit crisis at that particular point in time / 2nd quarter 2008. The paper was presented to a non native English speaking European audience consisting primarily of insolvency judges July 3rd 2008 in Paris.
Fears of the U.S. economy falling off a “fiscal cliff” have been percolating among investors, conjuring up frightening images of a deep recession. But the chances of it actually happening in its entirety are slim, say Allianz experts.
Western governments are hopelessly addicted to deficit financing while refusing to address looming funding issues - with apologies to the embarrassingly foolish Angela Merkel, politicians can no more successfully “battle” the markets than you and I can successfully “battle” gravity. Petrocapita is an investment trust built around the premise that demand for energy will continue to move prices higher over the long-term. Petrocapita was created to allow investors to add professionally managed oil & gas assets directly to their portfolios.
UVA Wise Tuition and Fees Rise! What are its effects?
A look at the historical trend of tuition and fees at The University of Virginia's College at Wise.
How fast have fees and tuition increased? How do these increase in educational and non-educational cost burden students and their families?
About Us:
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Assessing the costs of public higher education in the commonwealth of virgini...Robert M. Davis, MPA
The examination of the market failure theory's details, relevant definitions and explores its potential application in the context of the proposed research. More succinctly, the question is asked, how does market failure theory apply to the public higher education market in relationship to mandatory non-educational fees? This chapter then discusses asymmetric information, as proposed by Nobel Laureate Joseph Stiglitz research, which holds that the identified trigger asymmetrical information creates market failure. The approach is to first define asymmetric information, particularly in terms of how it constitutes a market failure.
Assessing the costs of public higher education in the commonwealth of virgini...Robert M. Davis, MPA
Part 2 in a series of whitepaper research examining the costs of Public Higher Education in the Commonwealth of Virginia; data collection shows that more students from lower income have increased in enrollment at a time when college costs have been increasing at a rate greater than affordability.Increases in cost have disproportionately impacted lower income families as a proportional share of reported income.
Assessing the costs of public higher education in the commonwealth of virgini...Robert M. Davis, MPA
Part 4 in a series of whitepaper research examining the costs of public higher education in the Commonwealth of Virginia. Loan borrowing has become the means in which to cope which costs increases. Loan borrowing may be one of the primary options available to finance the costs of higher education, there are risks associated with this option; recent research identifies that those risks may be growing.
Assessing the costs of public higher education in the commonwealth of virgini...Robert M. Davis, MPA
Part 5 in a series of whitepaper research examining the costs of public higher education in the Commonwealth of Virginia. One plausible rationale for the rising costs of higher education at Virginia’s public state supported four year institutions is the result of asymmetrical flows of information between providers and consumers regarding mandatory non-educational fees.
New information reveals student loans have increased in both the number of borrowers and the amount being borrowed. As a result, analyst believe increased student loan repayments limit recent college graduates from pursuing home purchases.
Meltdown presentation atca full master Mike HaywardEd Dodds
Mike Hayward: With the help of DK, I have redrafted my Meltdown presentation to be suitable for an International Audience and it is attached below. I have already given this talk at several UK universities with more to come. It is designed multidisciplinary audiences so it is not too technical and is richly illustrated. Please feel free to use and adapt the presentation to suit your own needs and viewpoint. My name is not mentioned in the presentation. The subject is too important to claim authorship or credit.
Summary...... The global debt mountain, peak oil, population growth, resource depletion, population growth, the pension time bomb and climate change are all interconnected.
Meltdown did not occur in October 2008, but we were within 4 hours of it happening. It has only been deferred. Remember, only 3 dozen economists correctly predicted the 2008 global financial crisis, out of a profession of 20,000 members. Not one of the World politicians and Central Bankers saw the crisis coming, but all of them claim to know the remedy. The reasons for the 2008 crash have not gone away. The US housing market is still in freefall and US and European Banks are becoming increasingly insolvent, although they won't admit it. Economic growth will be stifled by rising oil prices. The bailouts are not working. World Politicians, Bankers and Economists are trying to maintain the status quo but they are losing control. Fundamentally, the real systemic causes of the crisis are rarely discussed with transparency and have not been addressed. Fractional Reserve Banking and universal public ignorance of banking practices are the cause of all the our global problems.
The collapse will happen within the next couple of years. The Eurozone or USA will most probably be the epicentre. The interconnectivity of the financial system means we will all be affected. What happens next after the collapse is impossible to predict. History is replete with examples but not on a Global scale. Massive political unrest will prevail. There will be a rise in popularity of extreme left and right political parties.
Instructions1. On the top of the page, provide the article citat.docxnormanibarber20063
Instructions
1. On the top of the page, provide the article citation in current APA format.
On the next line down, type the topic of your articles: (Gross Domestic Product (GDP)
in all caps and bold format.
2. In a double-spaced document, briefly explain the author’s purpose for writing the article. One way to understand the author’s purpose is to ask yourself why he or she wrote it. (For example, consider current and future events, politics, or anything else that may have inspired the article.)
3. Summarize the article(The criminality of Wall Street), focusing on the discussion of the topic the article addresses. Incorporate relevant economic theory that is present so that discussion of the article content is clear.
Article: The Criminality of Wall Street
Tabb, William K. Monthly Review66.4 (Sep 2014): 13-22.
The current stage of capitalism is characterized by the increased power of finance capital. How to understand the economics of this shift and its political implications is now central for both the left and the larger society. There can be little doubt that a signature development of our time is the growth of finance and monopoly power.1
In 1980 the nominal value of global financial assets almost equaled global GDP. In 2005 they were more than three times global GDP.2 The nominal value of foreign exchange trading increased from eleven times the value of global trade in 1980 to seventy-three times in 2009.3 Of course it is not certain what this increase means, since such nominal values can fluctuate widely, as we saw in the Great Financial Crisis. They cannot be compared directly and without all sorts of qualifications to the value added in the real economy. But they do give an impressionistic sense of the enormous magnitude by which finance grew and came to dominate the economy. Between 1980 and 2007, derivative contracts of all kinds expanded from $1 trillion globally to $600 trillion.4 Hedge funds and private equity groups, special investment vehicles, and mega-bank holding companies changed the face of Western capitalism. They also brought on the collapse from which we still suffer. Ordinary people may not be acquainted with the numbers (and even those best informed are not sure of their significance), but people generally understand in different and often deep ways what has been happening: namely, an ongoing process of financialization that has come to dwarf production.
What is particularly important is that despite the huge bubble created by this metastasizing growth of finance, the economy did not expand as rapidly as it had in the postwar years, before the goods producing industries lost ground in terms of employment to other sectors of the economy, and when government spending was used actively to promote growth. While the nature of much of the growth that occurred then is certainly open to criticism from all sorts of standpoints, at the time there was widespread understanding in policy circles that government spending was.
Similar to Ten things you should know about the economy (13)
Establishing system wide bench-marking methodologies to track EMS system performance internally and externally against regional, state wide and national EMS service providers. How do we match actual EMS service demand to available resources? Developing variable staffing models to enhance and improve response times, delivery of service and patient outcomes. How efficiency of resource allocation may not have to be sacrificed for quality of service improvements.
Assessing the costs of public higher education in the commonwealth of virgini...Robert M. Davis, MPA
It has been identified that market failures can result from lack of information between individuals engaged in a transaction in a given market. The market being discussed in the context of this research has been the public higher education market. The analysis thus far has focused on asymmetry of information creating market failures in general.
New evidence released suggest that the increases in college costs which have driven the accumulation of student debt has ripple effects that are hurting the U.S housing market and could have long term effects that harm the economy as whole.
Examining the changes in student debt accumulation and housing ownership in the Commonwealth of Virginia.
Remote sensing and monitoring are changing the mining industry for the better. These are providing innovative solutions to long-standing challenges. Those related to exploration, extraction, and overall environmental management by mining technology companies Odisha. These technologies make use of satellite imaging, aerial photography and sensors to collect data that might be inaccessible or from hazardous locations. With the use of this technology, mining operations are becoming increasingly efficient. Let us gain more insight into the key aspects associated with remote sensing and monitoring when it comes to mining.
Attending a job Interview for B1 and B2 Englsih learnersErika906060
It is a sample of an interview for a business english class for pre-intermediate and intermediate english students with emphasis on the speking ability.
As a business owner in Delaware, staying on top of your tax obligations is paramount, especially with the annual deadline for Delaware Franchise Tax looming on March 1. One such obligation is the annual Delaware Franchise Tax, which serves as a crucial requirement for maintaining your company’s legal standing within the state. While the prospect of handling tax matters may seem daunting, rest assured that the process can be straightforward with the right guidance. In this comprehensive guide, we’ll walk you through the steps of filing your Delaware Franchise Tax and provide insights to help you navigate the process effectively.
Putting the SPARK into Virtual Training.pptxCynthia Clay
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Business Valuation Principles for EntrepreneursBen Wann
This insightful presentation is designed to equip entrepreneurs with the essential knowledge and tools needed to accurately value their businesses. Understanding business valuation is crucial for making informed decisions, whether you're seeking investment, planning to sell, or simply want to gauge your company's worth.
RMD24 | Debunking the non-endemic revenue myth Marvin Vacquier Droop | First ...BBPMedia1
Marvin neemt je in deze presentatie mee in de voordelen van non-endemic advertising op retail media netwerken. Hij brengt ook de uitdagingen in beeld die de markt op dit moment heeft op het gebied van retail media voor niet-leveranciers.
Retail media wordt gezien als het nieuwe advertising-medium en ook mediabureaus richten massaal retail media-afdelingen op. Merken die niet in de betreffende winkel liggen staan ook nog niet in de rij om op de retail media netwerken te adverteren. Marvin belicht de uitdagingen die er zijn om echt aansluiting te vinden op die markt van non-endemic advertising.
Explore our most comprehensive guide on lookback analysis at SafePaaS, covering access governance and how it can transform modern ERP audits. Browse now!
3.0 Project 2_ Developing My Brand Identity Kit.pptxtanyjahb
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Improving profitability for small businessBen Wann
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What is the TDS Return Filing Due Date for FY 2024-25.pdfseoforlegalpillers
It is crucial for the taxpayers to understand about the TDS Return Filing Due Date, so that they can fulfill your TDS obligations efficiently. Taxpayers can avoid penalties by sticking to the deadlines and by accurate filing of TDS. Timely filing of TDS will make sure about the availability of tax credits. You can also seek the professional guidance of experts like Legal Pillers for timely filing of the TDS Return.
Falcon stands out as a top-tier P2P Invoice Discounting platform in India, bridging esteemed blue-chip companies and eager investors. Our goal is to transform the investment landscape in India by establishing a comprehensive destination for borrowers and investors with diverse profiles and needs, all while minimizing risk. What sets Falcon apart is the elimination of intermediaries such as commercial banks and depository institutions, allowing investors to enjoy higher yields.
Memorandum Of Association Constitution of Company.pptseri bangash
www.seribangash.com
A Memorandum of Association (MOA) is a legal document that outlines the fundamental principles and objectives upon which a company operates. It serves as the company's charter or constitution and defines the scope of its activities. Here's a detailed note on the MOA:
Contents of Memorandum of Association:
Name Clause: This clause states the name of the company, which should end with words like "Limited" or "Ltd." for a public limited company and "Private Limited" or "Pvt. Ltd." for a private limited company.
https://seribangash.com/article-of-association-is-legal-doc-of-company/
Registered Office Clause: It specifies the location where the company's registered office is situated. This office is where all official communications and notices are sent.
Objective Clause: This clause delineates the main objectives for which the company is formed. It's important to define these objectives clearly, as the company cannot undertake activities beyond those mentioned in this clause.
www.seribangash.com
Liability Clause: It outlines the extent of liability of the company's members. In the case of companies limited by shares, the liability of members is limited to the amount unpaid on their shares. For companies limited by guarantee, members' liability is limited to the amount they undertake to contribute if the company is wound up.
https://seribangash.com/promotors-is-person-conceived-formation-company/
Capital Clause: This clause specifies the authorized capital of the company, i.e., the maximum amount of share capital the company is authorized to issue. It also mentions the division of this capital into shares and their respective nominal value.
Association Clause: It simply states that the subscribers wish to form a company and agree to become members of it, in accordance with the terms of the MOA.
Importance of Memorandum of Association:
Legal Requirement: The MOA is a legal requirement for the formation of a company. It must be filed with the Registrar of Companies during the incorporation process.
Constitutional Document: It serves as the company's constitutional document, defining its scope, powers, and limitations.
Protection of Members: It protects the interests of the company's members by clearly defining the objectives and limiting their liability.
External Communication: It provides clarity to external parties, such as investors, creditors, and regulatory authorities, regarding the company's objectives and powers.
https://seribangash.com/difference-public-and-private-company-law/
Binding Authority: The company and its members are bound by the provisions of the MOA. Any action taken beyond its scope may be considered ultra vires (beyond the powers) of the company and therefore void.
Amendment of MOA:
While the MOA lays down the company's fundamental principles, it is not entirely immutable. It can be amended, but only under specific circumstances and in compliance with legal procedures. Amendments typically require shareholder
Discover the innovative and creative projects that highlight my journey throu...dylandmeas
Discover the innovative and creative projects that highlight my journey through Full Sail University. Below, you’ll find a collection of my work showcasing my skills and expertise in digital marketing, event planning, and media production.
Discover the innovative and creative projects that highlight my journey throu...
Ten things you should know about the economy
1. Ten Things You Should Know About
The Economy Before You Vote In
November
Courtesy of Forbes Magazine
Written BY:
Brett Nelson
2. 1. Reagan Versus Keynes
• There are two broadly defined schools
of thought on what makes the
economy go—voters should
understand the main merits and flaws
of each.
• “Supply-siders” (the most famous
being President Ronald Reagan)
believe that if you entice
entrepreneurs and investors with tax
breaks, they will respond by making
stuff, employing people, taking risks
and accelerating the economy.
• “Demand-siders” (fans of economist
John Maynard Keynes) believe that
growth hinges on consumer demand,
which can sputter from time to time.
When it does, they argue, government
should “stimulate” spending through
various mechanisms—say, by
employing people to build roads and
bridges, or by increasing the overall
money supply to lower interest rates .
3. • You might think the argument
between supply-siders and
demand-siders would be
settled by now, yet it rages on.
• For more on this topic, check
out Naked Economics:
Undressing The Dismal
Science, by Charles Wheelan, a
senior lecturer in public policy
at the University Of Chicago.
(In fact, if you read one book
on the economy between now
and November 6, grab that
one.)
4. 2. Taxes
• Like Chinese water-torture, the
opinion pages relentlessly drip with
arguments about “fiscal policy”—
that is, how the government taxes
and spends. The debate begins
civilly enough, but often devolves
into ideological yammering over
what’s “fair” and what isn’t.
• The tax code is nearly 74,000 pages.
You don’t have to read them all, but
you should have some baseline facts
and figures at your fingertips. For
that, see “The Numbers Inside A
Hot-Button Issue”, a one-page
primer by David Wessel at the Wall
Street Journal. For more unbiased
stats and analysis, check out the Tax
Policy Center and the Congressional
Budget Office.
5. 3. The Federal Reserve / Money
Supply / Interest Rates
• The amount of money in the economy
is vastly important because it
ultimately affects interest rates. If you
care about the amount you pay on
your home mortgage or student loan,
or about what your employer pays to
borrow money to keep his operation
humming, then you care about
interest rates.
• The more dollars sloshing around the
system, the lower the rates that banks
must charge to lure enough customers
to borrow all that money; the fewer
dollars, the higher the rates.
• Lower rates encourage spending;
higher rates slow it down. Keeping
rates too low for too long can trigger
inflation, which decimates the
purchasing power of those dollars.
Four-dollar hamburgers annoyingly
cost eight.
6. Cont.
• The very difficult trick: monitoring the money supply so that
the economy stays strong but inflation doesn’t kick in. The
Federal Reserve—headed byBen Bernanke and subject to
Congressional oversight—sets “monetary policy”:
• It determines how much money is in the system by buying
and selling U.S. Treasury bonds. (When Uncle Ben buys
bonds, he effectively puts more dollars into the system; when
he sells bonds, he pulls money out.)
• As economic issues go, monetary policy is a big one—and it’s
fairly impossible to truly understand the Wall Street Journal,
the New York Times or any other financial publication (let
alone a crafty politician) without a fundamental grasp of it.
7. 4. The Federal Debt
• The U.S. government regularly
spends more than it brings in, and
borrows to fill the gap. The
cumulative tally of all those annual
deficits is called the national debt.
• Carrying debt isn’t bad in itself, but
carrying too much of it can be
dangerous: Having to cover those
interest payments gradually impairs
a country’s ability to pay for other
services (as anyone with a sizable
credit card balance can attest).
• Without sustained economic growth
or substantial tax increases, the U.S.
national debt is projected to rise
sharply as aging Baby Boomers
check out of the work force.
8. • Four years into the latest
economic downturn, the
thorny question on everyone’s
mind is: Should the country
keep spending money in the
short run to stimulate the
economy (and thus keep
adding to the debt), or should
it reduce the debt by balancing
its books sooner than later?
• The answer isn’t easy, to say
the least, but you should have
an opinion about it. (For more
hard data on this topic, check
out the Peter G. Peterson
Foundation’s website and the
readily digested
documentary I.O.U.S.A.)
9. 5. Megabanks
• Imagine you were invited to a
very special casino where you
got to keep all of your winnings
while local residents absorbed
most of your losses.
• That’s essentially what went
down in the latest financial
crisis, with big banks and
insurance companies playing
the gambler role and taxpayers
cleaning up the mess.
• Lawmakers’ rationale: Those
financial institutions were so
critical to the functioning of the
global economy that they were
deemed “too big to fail” (see
the book and movie by the same
name).
10. • The crisis touched off a wave of
mergers and an avalanche of
regulations designed to rein in
the gamblers and avert future
meltdowns—except that now we
have even larger megabanks that
are arguably way too big to fail.
• (The 10 largest banks now
control nearly 80% of all
banking assets.) This issue is
complicated, but you don’t need
a Ph.D. in finance to get the gist.
• (For extra fortification, read
just about anything penned
by Gretchen
Morgenson andAllan Sloan,
both former Forbes senior
editors, now with The New York
Timesand Fortune,
respectively.)
11. 6. Entitlement Programs
• SocialSecurity, Medicare and
Medicaid—the big three
entitlement programs—
account for nearly half of the
federal budget.
• As with the interest on the
national debt, that percentage
is set to rise fast in the coming
years as Boomers retire.
• Even if—especially if—you
don’t intend to collect Social
Security or Medicare for some
time, the fate of these
programs is at your
doorstep now.
12. 7. Health Care
• The drama over whether Congress
can lawfully mandate the purchase
of health care may have subsided,
but given that Washington remains
so bitterly divided over
the Affordable Care Act (and given
that you, inevitably, will get sick),
you should know what fundamental
issues are at stake.
• An absolutely necessary first step:
Read “How American Health Care
Killed My Father,” by David
Goldhill, published three years ago
in the Atlantic Monthly. You can’t
fix something unless you know why
it’s broken, and this brisk tome gets
right to it.
• (Hint: In the U.S. health care
system, the customer isn’t the one
who pays, and no one knows what
anything really costs.)
13. 8. Free Trade
• The more open an economy is, the
more reason to sweat competition
from beyond its borders.
• Free trade lowers the cost of goods
and services by efficiently doling out
the tasks required to deliver them; it
also displaces some workers in the
process.
• This arrangement thrills some
people and terrifies others—perfect
fodder for a game of political
football (see “The Folly Of Attacking
Outsourcing,” in theNew York
Times).
• Globalization is here to stay. A huge
question, for both sides, is how to
retrain the displaced and get them
working again. Keep an eye on that
issue.
14. 9. Immigration Reform
• Speaking of putting people to
work, how do you attract the
most talented and industrious
folks on the planet while
thwarting illegal immigrants
and protecting your borders?
• The answer has sizable
implications for the economy.
• Here’s a decent primer:
“Economic Impacts Of Illegal
Immigrants In The United
States.”
15. 10. Income Inequality
• A capitalistic system, in the
aggregate, creates greater
wealth over time. No one
argues with that.
• What many people do take
issue with, however, is the
widening gap between the rich
and the rest.
• The financial-services
industry gets much of the heat:
Despite the recent downturn,
many Wall Streeters (the very
architects of the calamity,
some argue) have pulled down
lavish bonuses the past two
years.
16. • Assume for a moment that
some amount of income
inequality comes with the
territory in a capitalistic
economy.
• The next questions are: What’s
the right amount, and who
gets to decide? Wrestling with
the previous nine points will
help you figure out where
you—and the candidates—
ultimately stand.
17. Do a lil research and get to know what you may
be voting for. Illiteracy is not an excuse with the
vast amounts of information available to you.
• Of course, more hangs in the
balance come November than
just our livelihoods. And no
matter who gets elected, the
President has less to say about
the laws of supply and demand
than you might think (see this
report by the thoughtful gang
over at Freakonomics).
• Still, at $15 trillion and
counting, it’s worth the time to
understand what the
candidates are saying about
the economy—and whether or
not it passes your smell test.