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Introduction
Question One: A reasonable number of people care about the environment. This is because majority of the people seem not to care about the environment although they daily make use of it. This means that not everybody takes care of the environment though everybody makes use of it. Most of them only tent to care about it only when faced with high price levels. Recycling works although most people in today’s society do not see its need and do not make use of it but end up polluting the environment with wastes which could be easily recycled. It appears that most developing countries are only concerned about the environment through talking but not by action. They are not concerned because there are no policies put in place to combat environmental degradation. Many developing countries end up settling surplus populations on reserved forests which are in turn destroyed. This destruction impacts us because we get some raw materials from some of such countries. Prices of these commodities go up leading to economic crises. Manny people do not appreciate the role played by trees nowadays (Krugman & Wells 2009).
Question Two: The battle between GE and the New York State is one which has been hitting the headlines for a while. On whether it is fair to demand cleaning up of the river by GE is fair my answer is a strong ‘yes”. They should not only clean the river but also pay for all the damages which resulted from the harmful effects of the waste. The authorities can stop them from depositing these PCBs and by imposing heavy disciplinary measures to them. If GE had any respect for natural resources they would not wait to be forced.
Question 3: In most cases it is the government which is expected by its people to provide most public goods. “The marginal social benefit of a public good is equal to the sum of the individual benefit to each consumer” (Krugman &Wells, 2009). Considering the fact that the world’s population has been to the rise, the cost of providing the goods and services keeps on increasing. The problem is that most people are not willing to pay more taxes yet they expect the government to offer quality services. This situation cannot work and if it does then people should expect low quality.
Question 4: The government places exercise taxes on goods such as cigarettes and alcohol to discourage people from excessive use of such commodities. This method does not totally combat their use but manages to eliminate those users who are not able to afford such luxuries. The concept of inelastic demand plays a key role in the demand of these products because when excise taxes are imposed, their prices will go up leading to decrease in demand.
Question 5: Tax cuts are not beneficial to strengthening the economy. This is because a country whose tax benefit returns are high is able to finance its activities rather than depending on other countries for loans and grants. Tax cuts only slow down a country’s economic growth as such a country has to look for alternative sources of revenue.
Question 6 and 7: I am not confident that Social Security will be running smoothly when I retire owing to the unpredictable economy of not only America but the whole world. I have to admit that am rather hopeful that things will be all right. At this age and time, Social Security is not necessary because most people have now known better methods of planning their retirement. I seriously believe that the government should look for other ways of using our money in to get profit.
If I was in a position to fix the Social Security in the United States, I would first ensure that the citizens get handsome interest rates for the money they save with the Social Security systems. I would also ensure that after retiring, Americans get their dues without delays and this would act as a catalyst for winning public trust.
Work Cited
Krugman, Paul R, and Robin Wells. Macroeconomics. New York, NY: Worth Publishers, 2009. Print.
