Sunday, September 11, 2011

TAX the Rich to Pay the POOR?

Economics


The current economic goals for the United States as a whole is to find a balance between increasing income to the government in order to support programs while attempting not to tax the citizens as there is very little money in the average American home that can be given up. Many Americans have suffered directly as a result of this economy, specifically with higher prices on everyday necessities. If the American people do not have the money, it would not be fair for the government to continue to tax them. The government is trying to find ways to tax large corporations, not average citizens.
The US economy has already gone through the economic stages of trough (a low point in economic activity), expansion (growth in the economy), and peak (the high-point of the economy). It is still in the fourth stage, recession, but appears to be getting back on track towards the trough stage in order to begin to rebuild.
In the 2010 Economic Report of the United States, it describes how the economy as a whole is healing. The article states that economy improved dramatically in the fourth quarter of 2009 and has continued to improve in the beginning of the 2010 year. The US dollar is appreciating, which is beneficial in global economics.

References:
Collinge, Robert A. & Ronald M. Ayers. Economics By Design: Survey & Issues, 3rd Ed.
New Jersey: Pearson Prentice Hall, 2004.
Economic performance. Country Report. United States, 2010, (3), 14-16. Retrieved from
Academic Search Elite database.