Short Paragraphs 1. Is the present tax system in the U.S. fair? Please explain h

Question

Short Paragraphs

1. Is the present tax system in the U.S. fair? Please explain how improvements could or could not be made to obtain greater equity.

2. Is the Affordable Health Care Act (Obama Care) good for America? Explain why or why not? What would you put in place or how would you improve the current system?

3. What is the WTO and to what degree does U.S. participate with it?

4. Now that you have watched %u201CFreakonomics%u201D what is your appraisal of the film?

5. Was the movie%u2019s examples "Real World" and presented without any particular bias?

6. Was anything really memorable about the films?

Explanation / Answer

How does the FairTax affect Social Security reform?

FairTax.org is a one-issue organization: Tax replacement. However, its proposal does benefit any Social Security reform proposal. The FairTax.org plan does not change Social Security benefits or the structure of the Social Security system. All it does is replace the current revenue source (narrow, regressive payroll taxes) with a new revenue source (broad, progressive sales taxes paid by all consumers).

Additionally, research shows that consumption is a more stable revenue source than income. If Social Security is reformed or privatized in a way that reduces the government%u2019s need for revenue, then the FairTax rate can be reduced. For example, if a mandatory private savings program is implemented where people must save ten percent of their income and Social Security benefits are curtailed, then the FairTax rate can be reduced just as payroll taxes would be reduced.

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