Roles of the US Government in the US Economy Essay

How the US Government plays a role in our US Economy Fiscal responsibility is an important part of stability and the government must focus on maintaining the economic stability. As we all know, Government dept can quickly become a burden on the economy and weaken it. Macroeconomic policies change credibility of the government and strengthen political institutions. It is very important that our economy has credibility and stability because it’s vital to us Americans long term investment decisions that allow the US economy to grow. Government provide stability by ensuring to maintain stability of currency, enforce-defend property rights, and provide oversight that assures private citizens that their transaction partners in marketplaces are†¦show more content†¦A weak fiscal position can cause weak government ability to provide security for property rights, and makes it harder to borrow in the face of security crisis’s. Citizens receive value from governmentâ€⠄¢s role in making and enforcing laws that give citizens the opportunity to freely pursue opportunities. The US is a developed economy but don’t mean its government doesn’t need to retake reform measures. Having an orderly governing body allows private citizens to make long term investment decisions about their personal resources. The government involvement is vital because it provides the best opportunity to accomplish its national investment and growth goals through entrepreneurial spirits of all citizens. Government activities have a powerful effect on the US economy in stabilization and growth which is the most important are. The federal government guides the pace of economic activity, attempting to maintain steady growth, high levels of employment, and price stability. They do so by adjusting spending and fiscal policy- tax rates- or managing money supply and controlling use of monetary policy-credits. It slows down or speeds up the economy’s rate of growth , which affects the level of prices and employment. After the Great Depression in the 1930’s, recession (high unemployment) wasShow MoreRelatedThe Government Should Play an Active Role in Managing an Inflationary Economy983 Words   |  4 PagesThe government should play an active role in managing an inflationary economy. I agree that the government should play an active role in managing an inflationary economy. Buck (2011), stated that â€Å"The overwhelming majority of economists around the world believe it is appropriate for the government to take actions to promote economic growth and maintain low unemployment and low inflation.† Parkin (2012: 522) described inflation as â€Å"a persistently rising price level† and price level as â€Å"theRead MoreThe Financial Balancing Act1315 Words   |  5 Pagesprovided in the article. Governments and policy makers must enhance the emerging economic growth prospects in order to adjust financial markets and globalization. The current era of globalization has been characterized with financial imbalances and governments must learn to navigate a financial landscape that is fragile. Without the government intervention, the recent economic imbalances will continue to make uneven shifts in the market policies and mechanisms. When governments attempt to fight globalRead MoreHow Has The Constitution Shaped The Economic System1168 Words   |  5 Pageswas created in 1787, and is the supreme law of this nation. It is the backbone on which laws to follow and how we live today. There are six characteristics of a market economy. Which as follows; Private property, Freedom of enterprise and choice, Motive of self-interest, competition, markets and prices and limited role of government. One of the first economic concepts is â€Å"Freedom of Enterprise and Choice†. Which is stating that Americans can choose how they want to use their own resources to createRead MoreThe Republic Of South Korea1410 Words   |  6 Pageswith a GDP of $1.449 trillion(US) and GDP per capita (ppp) of 25,977(US), averaging an annual growth rate of 2.9%. Over the past four decades the country has shown incredible growth and global integration to become a high-tech industrialized economy. South Korea is the world’s 4th largest car producers being home to Hyundai Motors, the largest ship builder and also has many successful corporations such as Samsung. During the GFC South Korea was one of the Asian economies hardest hit although its protectiveRead MoreThe Federal Government Regulate The Insurance Industry994 Words   |  4 Pagesfederal government’s role is in regulating industries is to protect consumers and the market. There is an ongoing debate on whether the fed eral government should regulate the insurance industry as a result of the bailouts stemming from the Financial Crisis of 2008. Currently, state governments regulate the insurance industry. Proponents of federal regulation reason that states are inefficient in the duty of insurance regulation. Additionally, the federal government has economies of scale and may offerRead MoreThe State Of The Federal Bank Reserve1368 Words   |  6 Pages Growing up as a child, people have been told the economic is dead; none of us should be wasting time to understand it. Most us have been lived poor, which is related to the economic. Most of us know the meaning of the economic. Economic describe us by our social status and human behavior. Most girls would not date guys if he is not making enough to pay his bills or her bills. Money is the root of all evil; we even call it marketing, currency, trade, traffic, and industry. Money was hereRead MoreThe Government Intervention Of International Bus iness Essay1748 Words   |  7 PagesWhen governments amongst nations conduct in international business, it exposes them to increased risks and costs through unfair trade and bribery in order to obtain a competitive advantage or power. Mercantilism explains why the government intervention of international business increases the chances of these risks. Mercantilism is the theory that explains, the government will maintain their economy and trade to promote their own domestic industry at the cost of the other country leading to unfairRead MoreThe Future Of The Us Dollar1278 Words   |  6 PagesThe Future of the US Dollar in the International Market A society based on trade was established as early as 4000 B.C.E. (Hunt 6). However, the end of the Cold War marked the beginning of a new stage, an economy fully supported by globalization (Gilpin 10-12). This new beginning for the economy made the international markets the central focus of the economy. Since the gold standard had crushed, the US dollar became the official exchange standard and also the most used currency in the world. CurrentlyRead MoreBy The 1980S And Into Most Of The 1990S, The Asian Marketplace1713 Words   |  7 Pagesnothing less than a miracle. Business s were booming, and economies in the region enjoyed a GDP growth rate nearing about 10% per year – which was about 4 to 5 times the growth rate of the US economy at the time. This began in the 80 s when foreign investments in most Asian countries began to increase. Stable governments were luring foreign investors, with the promise of high returns, and currencies that were tightly pinned to the US d ollar that began throwing money into the ASEAN-5 (IndonesiaRead MoreThe Beginning Of International Liberalism1035 Words   |  5 Pagesfailed socialist revolutions in Europe and finally the Market crash of 1929 and the impact of the US Great Depression on World Markets. 1939-1973: WWII and the revival of US economy - US the sole healthy economy not influenced by the way yet making profits from the war. Post-WWII world economy guided by US economic principles inscribed in the Breton Wood Agreement - gold standard is pegged to the US dollar. The establishment of the Marshal Plan. The establishment of the World Bank and International

Ethical Issues Regarding Food Labeling Essay - 864 Words

So many consumers have fallen into the lies that zero calorie drinks are a healthy alternative when on a diet. The manufacturers actually market the product to make people believe their product will help them lose weight. What kind of marketing is this? Consumers are purchasing their products under false pretenses and outright deceptive advertising. Instead of using real sugar, the manufacturer uses artificial sweeteners, which are far worse for our bodies. It is necessary to look at these ethical issues pertaining to food labeling from a few different ethical perspectives to understand why the manufacturers deceive their customers. First, we will examine it from the manufacturer’s perspective; the Deontology theory. According to Business Ethics: A Managerial Approach, Deontology maintains there are certain standards of human decency and respect for the worth of others that rule out treating them in certain ways (Wicks, Freeman, Werhane, Martin, 2010, p. 6). The manufacturers justify their actions by meeting their goal in selling their product, in spite of what the effects may have on the consumers who purchase the product. Because actions are viewed as having essentially good and bad qualities, we need to understand where the manufacturer’s styles of thinking come from. The manufacturer’s intent or action is to market their product in order to make a profit. Deontologist view their rights or wrongs based on the action, not the outcome of the action. So,Show MoreRelatedEthics in Food Labeling and Packaging1188 Words   |  5 PagesEthical Food Labeling and Packaging After seeing the ad on television or in the weekly grocer flyer, seeing the actual labeling on a product is what consumers have to make informed choices. What started out to be another form of advertising and last attempt to sell a product, food packaging and labeling has been regulated through the FDA and FDamp;C to require certain information. It was declared to be the policy of the Congress to assist consumers and manufacturers in reaching these goalsRead MoreThe Ethics Of Genetically Modified Organisms1184 Words   |  5 Pagesgenetically modified organisms and the basic ethical concepts and theories necessary for reflecting upon moral beliefs using scholarly resources that underline that if people are aware of genetically modified organism they will tend to disregard GMOs. Entine, Jon. â€Å"2000+ Reasons Why GMOs Are Safe to Eat and Environmentally Sustainable.† Forbes. Forbes, 14 Oct. 2014. Jon Entine perspective on GMOs is that they are just as safe of even safer than conventional organic food. Similarly, Somerville’s article articulatesRead MoreGenetically Modified Organisms ( Gmo ) Essay1737 Words   |  7 PagesEurope and Japan, there is a strong popular opposition to the idea of eating foods made from genetically modified organisms. With respect to this debate, Philip McIntosh states that: Advocates of GMO foods, supported by the majority of scientific studies, argue that the use of GMO crops and animals is broadly safe, offers environmental benefits, lowers food costs, and helps reduce hunger worldwide. Critics of GMO foods counter that these benefits come at too high a social and economic cost, engenderRead MoreUnit 1 Individual Project Mkt640 – a Managerial Approach to Marketing1444 Words   |  6 Pagesbattle of legal and ethical complication. Given are examples of different situation of each topic to demonstrate how each take place when starting a new product or service. The Marketing Scenario Introduction When bringing a new product or service together there are certain aspects to be considered for a successful product or outcome. Those aspects may include target, sector, location, creating an effective marketing plans and advertisement strategies. There are also certain issues and challengesRead MorePolicy Position For Electronic Cigarettes Essay1453 Words   |  6 Pagesadvantages and disadvantages that have contributed to the numerous controversies they have generated. This has contributed to the emergence of the need for policy makers to establish a position for e-cigarettes in a public area. Evolution of the Issue Electronic cigarettes or e-cigarettes are battery-operated devices that are created to provide flavor, nicotine, and other chemicals. The device then converts the various chemicals into aerosol which is inhaled by users (â€Å"Electronic Cigarettes†,Read MoreGenetically Modified Foods: Annotated Bibliography860 Words   |  3 PagesGoldman, Karen A. Labeling of Genetically Modified Foods: Legal and Scientific Issues. Georgetown International Environmental Law Review 12.3 (2000): 717-60. Goldmans essay focuses on the regulations governing genetically modified (GM) foods, and in particular looks at the FDAs standards for GM foods in order to see if the regulations remain relevant and applicable to the current state of GM foods. She concludes by suggesting that for various reasons, the FDAs labeling requirements are notRead MoreThe United States Is Facing An Obesity Epidemic937 Words   |  4 Pagesdifferent companies and brands to include General Mills, Coca Cola, Proctor Gamble, Dr. Pepper, Oscar Meyer, Kraft and Frito Lay. Although each situation is unique, there are overriding questionable ethical issues. There are a number of ethical issues presented in the articles, but a few shared major issues which will be discussed. The United States is facing an obesity epidemic. Obesity rates have more than doubled in adults and children since the 1970’s (National Center for Health StatisticsRead MoreGenetically Modified Organisms and Food Essay951 Words   |  4 Pagestraits that would be useful, creating a new organism. This science of genetic manipulation has been utilized for many different purposes. One important area in which it is controversial is agriculture. Specific issues regarding this technology involve human and environmental safety as well as ethical and conservation concerns. A common example of a GMO plant would be Monsanto’s Roundup ® Ready Corn. One of the methods the Monsanto Company genetically engineers this plant is through soil bacterial and ERead More Genetically Modified Foods Essay1128 Words   |  5 Pagesadvances that are accompanied by confusing new terms. The food and drug administration, commonly known as the F.D.A, is focusing much of their time with food biotechnology. The all-encompassing use of biotechnology when applied to agriculture and food production increases the deeply felt environmental, economic and ethical concern. The liberation of genetically engineered organisms into the environment poses apprehensive questions regarding the serious promising risk to human health. Genetic engineeringRead MoreGenetically Modified Organisms ( Gmos )1692 Words   |  7 PagesSince 1996, there has been an ongoing controversy over genetically modified organisms (GMOs) and whether they are ethical and safe for the sake of human health and the environment. Recently, the controversy has been centralized around whether companies should be required to disclose GMO use on their labelling. Many people feel strongly that it should be up to the consumer to choose whether to buy a product that contains GMOs or to eat only organic options which are defined by the USDA as being produced

Nfl Helmet-to-Helmet Hit Rule Free Essays

Let Them Play the Game Every part of the game of football means very much to me, which is why I have a passion for the game and why I researched this topic. Helmets are one of the most important pieces of safety gear a football player can have. In October 2010, a new rule was signed off to be placed in the National Football League (NFL) rule book for the safety of NFL players. We will write a custom essay sample on Nfl Helmet-to-Helmet Hit Rule or any similar topic only for you Order Now The helmet-to-helmet hit rule is as follow: using any part of the helmet to butt, spear, or ram any part of the opponent’s helmet (Azpiri). A helmet-to-helmet hit is illegal in the NFL now.The punishment for a helmet-to-helmet hit for a NFL player is being fine with a gradual increase the next times they do it and/or suspension depending on the player’s penalty history. I propose for there not to be a helmet-to-helmet hit rule. The NFL should not include the helmet-to-helmet rule, by doing so; the rule will begin by taking one of the most exciting and popular parts out of the game, hard hits. One of the reasons why I believe that is because they have safety gear on such as: helmets, shoulder pads, knee pads, and thigh pads.If they keep adding rules, pretty soon, we will be able to call it flag football without tackling. Football is a violent sport, when players sign contracts with millions of dollars attached to them; they know how violent the game has always been. Not to mention, no one has to play. If a player does not want to take a hard hit, they do not have to. I agree with Rick Cleveland when he says, â€Å"They are ruining the game we love. Football is by nature a violent sport. Nobody says you have to play. Let them play football† (Cleveland).During my research, I found many NFL players that would agree that the helmet-to-helmet rule should not be a rule. For instance, James Harrison, who plays for the Pittsburg Steelers, made a statement after a helmet-to-helmet hit on a Cleveland Brown player during a game, which read â€Å"†¦ I didn’t hit that hard, to be honest with you. When you get a guy on the ground, it’s a perfect tackle† (Harrison). As Harrison said, a tackle is a tackle, no matter where or how hard you hit them. It is to me understanding that each and every NFL football player is taught everyday to play hard and it hard. NFL players know that they are taking a massive risk of getting injured every time they step a foot on a football field, whether it be for a game or just practice. If you have the football in your possession, you should be able to take a hit anywhere on your body, even if it is on your helmet. There is no point in time where a line should be drawn. If a player makes helmet-to-helmet contact unintentionally, he should not be fined as much as if it were intentional. Helmets keep a players head safe during a game. Most NFL players still wear helmets that were made in the nineteen-nineties (Halstead). DeSean Jackson now has an anti-concussion football helmet (Chase). If helmet companies manufactured more anti-concussion helmets, players would be better off and the rule would definitely not need to be in play. Also, according to Halstead, in two thousand-thirteen, players will finally have price breaks from helmet companies to be able to buy newer safe helmets (Halstead). If players buy more anti-concussion helmets, they would not get injured as easy nor would the helmet-to-helmet hit rule need to take place. How to cite Nfl Helmet-to-Helmet Hit Rule, Papers

Consultancy Expertise Advice On Tax Matters †MyAssignmenthelp.com

Question: Discuss about the Consultancy Expertise Advice On Tax Matters. Answer: I hereby wish to first and fore most accord you much appreciation for thy trust and considerations to me for the tax advice. I likewise wish to let you know that all the information that I will share while advising will be in conformity with the Australian Tax Office Regulation as well as any other prevailing regulation of the land applicable in the context. It is of great importance to inform the owner that employees superannuation is a compulsory statutory fund obligation an employer is bound to honour. However it is only compulsory to the 9.5% portion mark set by the marginal individual tax rate law thus anything above that it is subject employee vs employer agreements. I further wish to inform the owners that the idea of increasing the employees superannuation percentage portion to 13% may or may not have tax implications depending with the following factors; Whether the superannuation contribution is done after or before payment of income tax. Whether the contribution made is above the caps set and finally Whether the employee is classified as those earning high income or not as stipulated by ATO The owners should therefore be informed that if he does the addition within the procedural regulation acceptable while the employee has agreed for salary sacrifice and before paying income tax the fund is therefore free from tax subjection. This reduces employees salary for tax purposes and likewise benefits the employer since it is treated as employers contribution that is always eligible for treatment as deductible allowable for tax purposes Braithwaite(2007.Pg. 7). Concessional cap that depends with employees age likewise forms part of consideration such that the owners should ensure that the employees subjecting to addition superannuation percentage fulfils the cap age of between 0-48yearrs, 48-65years and that of 65 and above ,since this is what outlines the income levels. Concerning the private health insurance premiums I wish to inform the owners that as long as the fringe benefit is not discriminative i.e. it cuts across all the employees let him proceed with it because it is less expensive since it forms part of deductible allowable compared to salary or allowance that is subject to PAYG and income tax as well. Let him proceed with the reimbursement and introduction of the premiums but under indiscriminative rule that guides health insurance premiums thus allowable expense deduction and decrease in medical levy since the 2% portion to be subjected on gross income reduces as allowable expense on insurance is introduced Delany(2010. Pg. 12). I therefore strongly advice the owners to proceed with the 3.5% employee superannuation addition since there exist instant benefits on tax avoidance for both the employer and employee upon satisfaction of the ATO rules guiding salary sacrificial and that on accounting for superannuation fund. The owners are likewise informed to proceed with the reimbursement and introduction of health premiums since it forms part of allowable deduction as long as it is across the board i.e. involves all employees. References Braithwaite, V., 2007. Responsive regulation and taxation: Introduction. Law Policy, 29(1), pp.3-10. Delany, T.P., 2012. Fringe benefits tax.