Create an argument for or against the passage of such a law

Assignment Help Other Subject
Reference no: EM131198028

ASSIGNMENT: Assume for the purpose of this assignment that we do not currently have a Social Security Act, but that the creation of such legislation is being seriously considered by the federal government for the first time and that the government has accurately predicted that cost of such a program. Create an argument for or against the passage of such a law based on your conception of the ideas on the optimum size of government and on government interventions in the economy (Social Security is an intervention in the economy).

NOTES: It's vital to remember that concerns about the size of government cannot be separated from economic beliefs since all actions by the government must be paid for-primarily-through taxation. According to the website of the Social Security Administration, "[presently,] the Social Security program is the largest single item in the annual federal government budget. As a percentage of total federal expenditures, in 2002 Social Security benefits were approximately 22.6% of federal expenditures. As a percentage of federal outlays, Social Security benefits have ranged from a low of 0.22% (during World War II) to a high of 23.2% in 2001" (https://www.ssa.gov/history/percent.html).

Attachment:- Assume_For_The_Purpose.pdf

Reference no: EM131198028

Questions Cloud

An increase in planned savings-all else held constant : An increase in planned savings, all else held constant, will always result in a. a slowdown in the circular flow of income b. an increase in the circular flow c. an increase in planned investment spending d. an increase in the price level
List the four components of gross domestic product : List the four components of Gross Domestic Product(GDP) and provide an example of each. Explain how each item affects you and the way that you live today. GDP (or GDP per capita) is a common measure for a country’s standard of living. Discuss the sho..
What is the rms voltage and current applied to the machine : What is the rms voltage and current applied to the machine, and what is the efficiency?
Suspension of international trading and financial activities : Large scale wars typically bring a suspension of international trading and financial activities. Exchange rates lose much of their relevance under these conditions, but once the war is over, governments wishing to determine the rate at which to fi..
Create an argument for or against the passage of such a law : Create an argument for or against the passage of such a law based on your conception of the ideas on optimum size of government and on government interventions in economy Social Security is an intervention in  economy.
Proportional income tax rate : Whal will the equilibrium level of income Y be? (Hint: Round off the answer in question 19 to two digits after the decimal to obtain the answer for question 3.20.)
Describe the implications of each alternative action : Discuss alternative courses of action that could be taken by the counselor to rectify each dilemma. Describe the implications of each alternative action; lay out the limitations and advantages of each alternative considered.
Economic theory have to say about these career choices : Kat Von D, also known as Katherine von Drachenberg, is an American tattoo artist, model, musician, entrepreneur, and television personality. She is best known for her work as a tattoo artist on the TLC reality television show LA Ink. What most people..
Problem regarding the consumption function : Given a consumption function C = 1 000 + 0,4Y with a proportional income tax rate of 40%, what is the multiplier? Round off your answer to two digits after the decimal.

Reviews

Write a Review

Other Subject Questions & Answers

  Cross-cultural opportunities and conflicts in canada

Short Paper on Cross-cultural Opportunities and Conflicts in Canada.

  Sociology theory questions

Sociology are very fundamental in nature. Role strain and role constraint speak about the duties and responsibilities of the roles of people in society or in a group. A short theory about Darwin and Moths is also answered.

  A book review on unfaithful angels

This review will help the reader understand the social work profession through different concepts giving the glimpse of why the social work profession might have drifted away from its original purpose of serving the poor.

  Disorder paper: schizophrenia

Schizophrenia does not really have just one single cause. It is a possibility that this disorder could be inherited but not all doctors are sure.

  Individual assignment: two models handout and rubric

Individual Assignment : Two Models Handout and Rubric,    This paper will allow you to understand and evaluate two vastly different organizational models and to effectively communicate their differences.

  Developing strategic intent for toyota

The following report includes the description about the organization, its strategies, industry analysis in which it operates and its position in the industry.

  Gasoline powered passenger vehicles

In this study, we examine how gasoline price volatility and income of the consumers impacts consumer's demand for gasoline.

  An aspect of poverty in canada

Economics thesis undergrad 4th year paper to write. it should be about 22 pages in length, literature review, economic analysis and then data or cost benefit analysis.

  Ngn customer satisfaction qos indicator for 3g services

The paper aims to highlight the global trends in countries and regions where 3G has already been introduced and propose an implementation plan to the telecom operators of developing countries.

  Prepare a power point presentation

Prepare the power point presentation for the case: Santa Fe Independent School District

  Information literacy is important in this environment

Information literacy is critically important in this contemporary environment

  Associative property of multiplication

Write a definition for associative property of multiplication.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd