Government, Politics, And Economics - 2104 Words

Think about the US government. When people usually surmise about the US government, a few general words come about. Some of the words people will say are: corruption, politics, and economics. Economics or money is usually the first that comes to people’s mind. Why ? Because it’s all around about us, and it’s a heavily debatable topic. The US government was given the right to control money in different areas of the public economy. Some of those areas being in foreign commerce, tax regulations, and social security. However these amendments have made the US adopt the theory of laissez faire. The United States needs to extend more economic regulation. The first time the US government had implemented the idea that taxes would generate money was about 100 years ago. In the US about a century ago, taxes were very archaic. Americans would fill out a page, about a half a page or so and they’d be done. Today, it’s like trying to find Waldo in crowd of million s of people. The article Simplifying Taxes Is the Fairest, Fastest Way to Grow Our Economy By Peter Rush stated: â€Å"to reform the tax system, Congress should look to the original tax code that was simple with few deductions and a flat, but progressive tax rate--as high as 6 percent! All income was equal--there was no distinction on how money was earned whether it came from wages, rent, dividend and capital gains.That change by itself would create a more uniform and less politically volatile discussion of taxation. Warren BuffetShow MoreRelatedThe World Is Becoming More Complex Day By Day Essay1128 Words   |  5 Pagesisolated decision or policy, behind it-government has some personal interest or benefits. Definition of political economy Political- economy is a complex term, consist of politics and economy. So at first we have to know what politics is and what economy is before discussing political economy. Politics: In a word, Politics is the process to increase personal interest or advantage. 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