Jul 18, 2017

Discussion Question Week 8 Econ

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Discussion Question Week 8 Econ

INSTRUCTIONS:

Discussion Question 1 Please respond to the following: " Moral Hazard" http://www.youtube.com/watch?v=_SdtoKeFTi0 http://www.youtube.com/watch?v=HxPfJ0RpVaw http://www.youtube.com/watch?v=s7E0iVXura4 http://www.youtube.com/watch?v=QJqZDtVXPUU Robert Reich Corporate tax "reform" is high on the Republican agenda because the GOP`s corporate patrons are demanding payoff from their investments in the 2014 election. Watch your wallets. Here are the four biggest right-wing whoppers about corporate taxes: 1. The U.S. corporate tax rate of 35% is one of the highest among advanced countries. True but misleading. The effective corporate income-tax rate – what corporations actually pay after all deductions, credits, and loopholes – is 27.7%, close to the average of all rich countries (27.2%). 2. Today`s corporate tax rate is high by historic standards. Baloney. In the 1950s it was over 50%. 3. The corporate tax reduces corporate profits, which makes it harder for corporations to hire. Wrong. Corporate profits today are the highest they`ve been since World War II as a percentage of the economy. 4. Lowering the corporate income-tax would spur economic growth. Baloney. There`s no relation between corporate tax rates and growth. In the 1950s and 60s, when the corporate tax was over 50%, the economy grew faster (at an annual average rate of 3.9%) than it has since the rate was reduced. Discussion Question 2 4 short but fascinating videos on President Andrew Jackson, as well as various U.S. founding fathers, on fearing the actions and corruptions of big bankers!!! Sound familiar to today!! 1 President Andrew Jackson and Big Banks--sounds like today!!!) --(from History Channel)- http://www.youtube.com/watch?v=Knf8KA5aAjw&feature=related 2 (Also Thomas Jefferson) --- http://www.youtube.com/watch?v=3cnItVN1Gk0 and 3 http://www.youtube.com/watch?v=H7yjfI19b7s 4 ( from HBO film mini series on President John Adams-- (Watch at the dinner table--George Washington, Thomas Jefferson- who had just returned from Paris, Alexander Hamilton, our first Secretary of the Treasury, and John Adams) http://www.youtube.com/watch?v=UrxKOO0nKwc **These are two separate discussion questions**

CONTENT:

Corporates tax rates Institution: Course: Name: Question one Similar to human beings, corporations have moral duties and responsibilities. As such they also have legal rights and freedoms protected under the 14th amendment of United States constitution. Corporations should be provided protection against exploitation. The tax rate for corporations in US stands at 35 %. Though is a huge percentage it is considered consolidative since it has been calculated from the net profit of th

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