1. What do so many politicians and journalist tell us that fair means? 2. After
ID: 1207399 • Letter: 1
Question
1.What do so many politicians and journalist tell us that fair means?
2.After fifty year of poverty fair programs in the US what are the results?
3.What was an early definition of social justice?
4.What is the current definition of social justice?
5.What are the many ways the US Federal Government taxes us?
6.What is our government’s only source of revenues, no matter how our politicians word it?
7.What proportion of income taxes in the US is paid by the top 50%, 10%, and 1% of income earners?
8.Why are payroll taxes regressive?
9.It is true that nearly half the household in the US pay no income tax at all?
10.Do the poor actually lose various welfare benefits if they are trying to climb out of welfare and their income increases?
11.Who actually pays corporate income taxes?
12.What is the definition of Economics?
13.Is there any form of government or economic system that can prevent a country from facing scarce resources?
14.How are resource allocation decisions made in a centrally planned economy and in a free market system?
15.Is political self-interest somehow better than economic self-interest?
16.Is it possible for a small group of people in Washington D.C. to know the massive amounts of information required to get the right amount of milk on the shelves of the local grocery stores?
17.What does voluntary exchange driven by self-interest require that each party to the exchange do?
18.What is the purpose of prices in a free market system?
19.What is crony capitalism and why is it detrimental?
20.Why is issue emotionalism a shaky foundation upon which to make policy decisions?
21.We do not need to care what the stated intentions of politicians are regarding their proposed regulations. Instead what should our concerns focus upon?
1.What do so many politicians and journalist tell us that fair means?
2.After fifty year of poverty fair programs in the US what are the results?
3.What was an early definition of social justice?
4.What is the current definition of social justice?
5.What are the many ways the US Federal Government taxes us?
6.What is our government’s only source of revenues, no matter how our politicians word it?
7.What proportion of income taxes in the US is paid by the top 50%, 10%, and 1% of income earners?
8.Why are payroll taxes regressive?
9.It is true that nearly half the household in the US pay no income tax at all?
10.Do the poor actually lose various welfare benefits if they are trying to climb out of welfare and their income increases?
11.Who actually pays corporate income taxes?
12.What is the definition of Economics?
13.Is there any form of government or economic system that can prevent a country from facing scarce resources?
14.How are resource allocation decisions made in a centrally planned economy and in a free market system?
15.Is political self-interest somehow better than economic self-interest?
16.Is it possible for a small group of people in Washington D.C. to know the massive amounts of information required to get the right amount of milk on the shelves of the local grocery stores?
17.What does voluntary exchange driven by self-interest require that each party to the exchange do?
18.What is the purpose of prices in a free market system?
19.What is crony capitalism and why is it detrimental?
20.Why is issue emotionalism a shaky foundation upon which to make policy decisions?
21.We do not need to care what the stated intentions of politicians are regarding their proposed regulations. Instead what should our concerns focus upon?
Explanation / Answer
12.What is the definition of Economics?
It is a branch of the social science that describes the factors that determine the production, distribution and consumption of goods and services. In addition it is about making choices and resource allocation.
What is the purpose of prices in a free market system?
In a free market, there is no government intervention. Prices are set by the mutual consent between consumer and producer on the basis of law of demand and supply.
Definition of Social Justice?
Social justice is defined as "... promoting a just society by challenging injustice and valuing diversity." It exists when "all people share a common humanity and therefore have a right to equitable treatment, support for their human rights, and a fair allocation of community resources." In conditions of social justice, people are "not be discriminated against, nor their welfare and well-being constrained or prejudiced on the basis of gender, sexuality, religion, political affiliations, age, race, belief, disability, location, social class, socioeconomic circumstances, or other characteristic of background or group membership" (Toowoomba Catholic Education, 2006).
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