Economy Project by ANDREA RENNIE https://padlet.com/rennieam/yf8gr3jk8mb3 Made by Haley Wolfe and Andrea Rennie en-us 2016-11-29 15:19:32 UTC 2024-04-06 21:59:01 UTC hello@padlet.com Government Revenue wolfeh https://padlet.com/rennieam/yf8gr3jk8mb3/wish/140537966
  • Keep individual income taxes, annual tax, and insurance taxes because they are the highest 
  • Keep allowing taxes to go to schools 
  • Get rid of tax on food as food is a necessity for everyone 
  • Impose a high tax on cigarettes and alcohol because it is not a necessity and it will help to lower the consumption amount
    • ]]>     2016-11-29 15:41:11 UTC https://padlet.com/rennieam/yf8gr3jk8mb3/wish/140537966     Government Spending wolfeh https://padlet.com/rennieam/yf8gr3jk8mb3/wish/140538829
  • Military spending = $555 trillion
  • International affairs = $40.9 billion
  • Housing and Community = $53.1 billion
  • Veterans’ Benefits = $53.1 billion
  • Social security, unemployment and labor = $53.1 billion
  • Transportation = $40.9 billion
  • Food and agriculture = $53.1 billion
  • Energy and Environment = $26.3 billion
  • Education = $65.3 billion 
  • Government = $53.1 billion
    • ]]>     2016-11-29 15:43:04 UTC https://padlet.com/rennieam/yf8gr3jk8mb3/wish/140538829     Minimum Wages and Income wolfeh https://padlet.com/rennieam/yf8gr3jk8mb3/wish/140539805
  • Minimum wage is based on how many kids you have, if you have a spouse, how many people are living at your house, living/house status, insurance, medical situation
  • Minimum is $10.00
  • Guaranteed minimum annual income $40,000 
    • ]]>     2016-11-29 15:45:19 UTC https://padlet.com/rennieam/yf8gr3jk8mb3/wish/140539805     Government Industries wolfeh https://padlet.com/rennieam/yf8gr3jk8mb3/wish/140540145
  • Government wants to boost private/ small businesses by increasing income 
  • Farmers can get $1,000 if they have low income to help pay for workers 
  • Why?: To encourage small businesses 
    • ]]>     2016-11-29 15:46:01 UTC https://padlet.com/rennieam/yf8gr3jk8mb3/wish/140540145     Government Subsidizing wolfeh https://padlet.com/rennieam/yf8gr3jk8mb3/wish/140540449
  • The government gives out a certain amount of loans a year to help businesses and the interest on the loan will be based on your income status  
    • ]]>     2016-11-29 15:46:41 UTC https://padlet.com/rennieam/yf8gr3jk8mb3/wish/140540449     Education wolfeh https://padlet.com/rennieam/yf8gr3jk8mb3/wish/140540755
  • The government will encourage education because children need to have the basic skills for life and to function successfully in society to make a good living/income
  • All jobs require a min. high school education level
  • Abolish the ability of high schoolers to dropout because it is important they have a good education for jobs
  • Lower price of college tuition, which will eliminate many student loans so people aren’t in debt after college
  • College tuition will be able to decrease because of higher taxes in other areas, college tuition will be able to decrease for everyone because of the new tax on people with an income over $400,000
  • Maintain property tax for funding for schools not nationalizing
    • ]]>     2016-11-29 15:47:23 UTC https://padlet.com/rennieam/yf8gr3jk8mb3/wish/140540755     Business Competition wolfeh https://padlet.com/rennieam/yf8gr3jk8mb3/wish/140541298
  • Currently the government requires registration in a form of a charter for businesses to operate 
  • Large corporations need to donate 5% of proceeds to small businesses and 5% of proceeds to nonprofit charities
    • ]]>     2016-11-29 15:48:34 UTC https://padlet.com/rennieam/yf8gr3jk8mb3/wish/140541298     Revenue Spending wolfeh https://padlet.com/rennieam/yf8gr3jk8mb3/wish/140886556 2016-11-30 17:15:30 UTC https://padlet.com/rennieam/yf8gr3jk8mb3/wish/140886556 Business Competition wolfeh https://padlet.com/rennieam/yf8gr3jk8mb3/wish/140887436
  • Currently the government requires registration in a form of a charter for businesses to operate 
  • Large corporations need to donate 5% of proceeds to small businesses and 5% of proceeds to nonprofit charities
    • ]]>     2016-11-30 17:17:36 UTC https://padlet.com/rennieam/yf8gr3jk8mb3/wish/140887436     Insurance wolfeh https://padlet.com/rennieam/yf8gr3jk8mb3/wish/140887869
  • Healthcare price decreases depending on who you need to support/pay for
  • Everyone is required to have healthcare (Obamacare) 
    • ]]>     2016-11-30 17:18:37 UTC https://padlet.com/rennieam/yf8gr3jk8mb3/wish/140887869     Equality wolfeh https://padlet.com/rennieam/yf8gr3jk8mb3/wish/140888075
  • Each job is required to allow immigrants and citizens to have equal opportunity 
  • Wages will be equal no matter sex/gender
  • Gay marriage is nationally legal  
  • Large corporations need to donate 5% of proceeds to small businesses and 5% of proceeds to nonprofit charities
  • Farmers can get $1,000 if they have low income to help pay for workers
    • ]]>     2016-11-30 17:19:11 UTC https://padlet.com/rennieam/yf8gr3jk8mb3/wish/140888075     Constitution New Amendment wolfeh https://padlet.com/rennieam/yf8gr3jk8mb3/wish/140888304
  • Wages will be equal no matter sex/gender or race
    • ]]>     2016-11-30 17:19:45 UTC https://padlet.com/rennieam/yf8gr3jk8mb3/wish/140888304     Taxes and Cooperations wolfeh https://padlet.com/rennieam/yf8gr3jk8mb3/wish/140888579
  • There will be a 2% tax on people with an income over $400,000 that will go to colleges to make up for lower college tuitions
  • The bigger the business, the bigger the tax they have to pay 
  • The beginnings of a business and small businesses will get taxed at a lower rate than larger corporations 
  • All corporations have to pay their taxes and workers, regardless of financial standing, if they are unable to, they will have to close their corporation
  • Corporations must guarantee a minimum of 100 jobs to people in the US before they move their production outside of the US. This will be imposed because if not, there will be a negative effect if corporations can't move their production outside the US. This can isolate the US and loose allies because we won't be handing them out jobs. If this wasn't in place, and corporations didn't give jobs to any US citizens, it would also for US citizens looking for jobs.
    • ]]>     2016-11-30 17:20:21 UTC https://padlet.com/rennieam/yf8gr3jk8mb3/wish/140888579     Sources wolfeh https://padlet.com/rennieam/yf8gr3jk8mb3/wish/140889335 http://www.taxpolicycenter.org/briefing-book/what-are-sources-revenue-federal-government-0

    https://www.nationalpriorities.org/campaigns/military-spending-united-states/; 

    https://www.weforum.org/agenda/2014/12/6-ways-governments-can-encourage-entrepreneurship/

    http://smallbusiness.chron.com/ways-can-government-encourage-business-activity-2282.html
    ]]>     2016-11-30 17:21:57 UTC https://padlet.com/rennieam/yf8gr3jk8mb3/wish/140889335