Distribution of Wealth - 1488 Words

Distribution of Wealth? Wealth has affected american society and evermore has affect the fabric of families. Has the distribution of wealth gotten so out of control that the effect will reverberate for generations to come and as a society can we do something about it. When we were tasked to write this final research paper on one of the topics from the discussions over the past semester i knew that i had to do a topic that i had dealt with on some personal level even know i have experienced many of the topics over the last semester the one that spoke to me the most is the distribution of wealth because of the simple fact that in my core family unit there is a gap in the distribution of wealth with me now below the poverty line my†¦show more content†¦In posing these questions to my family i saw what the study pointed out and that is that even know there is quite a big gap in earning some of the issues are the same the first question i asked What is your Greatest aspiration in life? the resounding answer was happy and healthy which is similar to the answer the study got. the next question what is your greatest aspiration for you children? and this too fielded about the same answer that the study got and that was that the children to have a sense of self reliance and to be happy and content but an addendum to that question is do you feel responsible for their successes and failures this was a resounding yes the responsibility of carrying the burden of success and failure was hard because of the simple fact is do you use your money to help or do you find another way to help the last question in the series was how does money help or hinder you life goals. the answers were different the median income parents said that the money neither help or hindered the situation at hand but more money would be nice to to other things but was unnecessary the family with the higher income said that money helps the situation because of the giving component the ability to give time and money to a worthy cause other that his own. during these conversations i saw the similarities in the answers even though there is aShow MoreRelatedThe Distribution of Wealth892 Words   |  4 PagesEveryone has his or her own ideas of how wealth should be distributed properly. Some people believe wealth should be left to family, left for public services, or become the property of others. Others believe that people should not have excess wealth, resulting in non-existent class distinctions. An alternative view is that wealth is not distributed; instead, the wealthy continue to grow wealthier while those in poverty can not escape it and fall further into a life of poverty. The beliefs discussedRead MoreThe Distribution of Wealth 1542 Words   |  6 PagesDramatic facts surround the nature of the distribution of wealth becoming more concentrated during the period between 1983 and 2004. In good parts of the period, labor unions were defeated and implementation of tax cuts for the rich took place. 42% of the entire financial wealth generated by the economy of the United States during the 21-year period went to the richest 1%. The Current Statistical Trends of the Wealth Inequality in the United States Before the onset of the 2007/2008 global financialRead MoreUnequal Distribution Of Wealth1477 Words   |  6 PagesThe unequal distribution of wealth has always been a huge problem that has plagued society throughout the ages. As forms of governments of each nation have changed, the unequal distribution of wealth has remained a constant. Even in Communist countries, which were supposed to eliminate this problem by abolishing the private ownership of land, the unequal distribution of wealth was still a problem in their society. It is difficult for society as a whole to make advancements, because of the unequalRead MoreUnequal Distribution of Wealth Essay1487 Words   |  6 Pagesthe country’s wealth. Wealth can be defined as a person’s assets and monetary gains. This unequal distribution has caused numerous economic and geographical problems, such as how resources are divided among countries, how developed or industrialized a country is in relation to wealth distrib ution and the wide spread of disease and lack of medical attention due to an absence of money. In this paper I will address the negative and positive aspects associated with wealth distribution. I will explainRead MoreUnequal Distribution of Wealth Essay792 Words   |  4 PagesSmith was very conscious of how the wealth was unequally distributed amongst the poor versus the wealthy, and how and if this distribution continued it would leave the poor at a disadvantage, in the sense they will never have the opportunity to move ahead and will always be at the mercy of those who possessed more wealth. Mr. Smith viewed economics contrarily than the mercantilist. Compared to the days of old, the views of economics and mercantilism based wealth on the amount of gold and silver theRead MoreWealth Distribution and William Domhoffs Wealth, Income, and Power1193 Words   |  5 PagesIn William Domhoff’s article, Wealth, Income, and Power, he examines wealth distribution in the United States, specifically financial inequality. He concludes that the wealthiest 10% of the United States effectively owns America, and that this is due in large part to an increase in unequal distribution of wealth between 1983 and 2004. Domhoff also states that the unequal wealth distribution is due in large part to tax cuts for the wealthy and the defeat of labor unions. Most of Domhoff’s informationRead MoreIncome Inequality And The Distribution Of Wealth And Income1705 Words   |  7 Pagesincome is distributed unevenly in a country, it measures by what extent is the distribution of income within a country deviating from perfect equality. It is an important measure to determine the fairness in a country and the social outcome in a country such as the level of corruption, crime rate and poverty. Countries make use of the Lorenz curve to help show the graphical representation of the distribution of wealth and income. â€Å"Income inequality in Canada has increased over the pa st 20 years.Read MoreEssay Inequality of Wealth and Income Distribution in America1357 Words   |  6 PagesInequality of Wealth and Income Distribution in America Every American dreams of finding a job that pays well enough so that they may comfortably take care of their loved ones and themselves for years to come. Most Americans hope to find some way to make a living that they enjoy, something that they view as productive. Unfortunately, many do not have this luxury. In our society, a good portion of the population is forced to hold the base of our country in place while hardly being redeemedRead More John Locke and the Unequal Distribution of Wealth Essay800 Words   |  4 Pages Which brings us to the head of the serpent. nbsp;nbsp;nbsp;nbsp;nbsp;In Locke’s opinion the idea of fair unequal distribution of wealth came about with the creation of money. Before money, things could not be saved fairly. Over stocking by some would lead to spoilage, and leave others with nothing. Once money was introduced though, this allowed the accumulation of wealth, without waste, so Locke says â€Å"†¦thus came in the use of money- some lasting thing that men might keep without spoiling,Read MoreAn Unequal Distribution Of Wealth And Power Across The Nation2049 Words   |  9 Pages Living in America, I have always been aware of fact that there is an unequal distribution of wealth and power across the nation. However, I was unaware that there is such a significant gap between the rich and the poor. It was made clear in the video â€Å"Wealth Inequality in America†, that the top 1% has more power and wealth than the middle and poor classes. The rich can get away with not paying their taxes and sittin g on their pile of free money. In the meantime, the poorest people are down to the

Essay on Iron Cage - 2038 Words

In chapter one of The Iron Cage, Rashid Khalidi sets the stage for the premise of his book, by examining the conflicting evidence of the Palestinians’ plight. In order to do so, the narrative begins in 1948, following the eviction of more than half of the Arab Palestinian population as a result of the Arab – Israel conflict of that year. Khalidi goes on to enumerate a few of the respective differing Arab and Israel accounts of how it was that a people that once constituted the majority of the population of a land, became the minority. Revisionist Israeli historians have attempted to debunk traditional accounts that absolve Israel of any wrongdoing, such as the notion that Palestinians attacked the yishuv first, by looking at the newly†¦show more content†¦Eventually, even al-Husayni could not ignore the disaffection of the situation, and he too dissented, by joining the ranks of dissidents opposing the British backed Zionist regime. Khalidi appropriately begins chapter three, by picking up where chapter two left off- highlighting the infectiveness of the Palestinian leadership. Early on in the chapter, the importance of factionalism within the leadership takes precedence, and the two prominent groups of the time are denoted: al-Husayni and al-Nashashibi. Khalidi goes onto give background on the two competing factions, and the reader learns that both parties had previous ties to the ruling political apparatus of the former Ottoman Empire. Unabashedly, both parties vied for power, because of their inherent belief of superiority to that of the average Palestinian. Playing right into the British and Zionist hands, the divide can conquer technique of pinning the leadership against each other, denied an effective campaign to be waged that could counter the status quo. Safe to say, the leaders of the Palestinian opposition were riddled by bribes and back room deals, which essentially made them quintessential puppets that could easily be controlled. Furthermore, Palestinian leadership largely functioned under a modus operandi, based upon wishful thinking, believing the British/Zionist movement would suddenly come to its senses and return the land to Palestinians. The failure of theShow MoreRelatedMax Webers Iron Cage For Bureaucracy1521 Words   |  7 PagesMax Weber’s â€Å"iron cage for bureaucracy† occurs when an organization operates in comprehensive patterns of societal dominance, such as the class structures throughout the earlier USSR and China (Morgan, 2006). This iron cage is how establishments with its multiple levels of bureaucracy can operate with his or her power to benefit only a certain group of elites (Morgan, 2006). A charismatic leader has the talent through formal authority to drive their members into performing . According to MorganRead MoreThe Iron Cage By Sociologist Max Weber952 Words   |  4 Pagesown life, but rather living by the standards and norms opposed and followed by the members of our modern day society? If your answer is yes to any of the two questions above, then you are experiencing and living what is known today as the â€Å"Iron Cage†. The â€Å"Iron Cage† refers to a very simple, yet complex theory developed by sociologist Max Weber. In his theory which addresses a sociological problem regarding standards of living; Dr. Alana Bibeau further deliberated on how Weber argues, that an individual’sRead More Ronald Takakis Iron Cages: Race and Culture in 19th-Century America1674 Words   |  7 PagesRonald Takakis Iron Cages: Race and Culture in 19th-Century America After America declared its independence from British rule, the founding fathers faced a conundrum: How to build and maintain a successful republican government that was ultimately dependent upon the passions and character of its people. Their solution was to propose the construction of what historians have called iron cages, which were ideological devices intended to deter the corruption and folly that might consume a freeRead MoreSocial Irony in Connell’s Short Story â€Å"the Cage Man†1676 Words   |  7 PagesIrony in Connell’s Short Story â€Å"The Cage Man† Irony can be defined as a double significance which arises from the contrast in values associated with two different point of view (Leech and Short, Style in fiction; 223). The most usual kind is that which involves a contrast between a point of view stated or implied in some part of the fiction, and the assumed point of view of the author, and hence of the reader. In the Richard Connell’s short story entitled â€Å"The Cage Man† it is Horace Nimms, the mainRead MoreMr. Snuffles: A Short Story About a Monstrous Creation1195 Words   |  5 Pagesintelligent, looking back and smirking at the poor scientist’s futile efforts. After ten minutes of the same act (running, swinging, missing and destroying more machinery) he managed to catch the fur ball while it was mocking him and put it into a small cage to closely observe it, and lessen property damage. â€Å"I finally caught you, you little demon. Ha! No more destruction of property you little monster.† The mad scientist bent down to look at the prisoned monstrosity in its brown beady eyes that staredRead More Cage in Heaven Essay1760 Words   |  8 PagesCage in Heaven Process writing: This was me when I was growing up in my little world. This was my feeling of pain, sorrow, and joy during my childhood. I felt all these emotions and more growing up in the busy Hong Kong City. Looking back at my childhood, I realized why I came to the United States. I adore my father and siblings for all the hard work they have done for me to come over. I realized the warmest and only love is that of a family. Hong Kong is six million heartsRead MoreInstitutional Theory : The And Powell s The Iron Cage Revisited : Institutional Isomorphism And Collective Rationality1295 Words   |  6 Pageshomogeneity of organizations are due to bureaucratic systems to receive legitimacy and support, not driven by competition or efficiency. This paper provides a critical analysis of Institutional Theory primarily utilizing DiMaggio and Powell’s The Iron Cage Revisited: Institutional isomorphism and collective rationality in organizational fields and An Institutional Analysis of HIV Prevention Efforts by the Nation’s Outpatient Drug Abuse Treatment Units articles. External Environment The externalRead MoreWomen s Role Model : Jessica Jones s Superman, Batman Or Iron Man1207 Words   |  5 PagesIn this day and age when superheroes are everywhere you look it is still impossible to find a good female role model. Why is it that when you ask a child who their favourite superhero is they give the same generic answers: Superman, Batman or Iron Man. This observation seems very dated for people in 2015 and questions whether female superheroes have the same exposure as males. Now with superhero shows becoming mainstream it seems that female superheroes finally have a chance to show their potentialRead MoreMarvels Luke Cage Analysis1437 Words   |  6 PagesMarvel’s Luke Cage: Redefining the Modern-Day Superhero With great power comes great responsibility. These are the words uttered in many mainstream hero stories that attempt to set a hero apart from the people the hero is trying to protect. Even so, many hero stories are bogged down by predictable plots and a hero that is either too arrogant or too naà ¯ve for their own good. Marvel s Luke Cage fights these common issues made in the superhero genre of television by introducing viewers to a characterRead MoreInternship Problem At The Intern947 Words   |  4 Pages We need to set up clear rules for the use of any unpaid internship. Weber would definitely say that we have succumbed to the iron cage. With this spirit of capitalism, with this work ethic, we are working day in and day out without a clear connection to anything that is bigger in a meaningful than what we are and what we are not. In Weber’s view, forcing is the iron cage. In the article, Andy Ferguson is forcing to work excessive hours without adequate rest. He had to complete four months unpaid

Analysis on Income Tax - Deductions &Employee - myassignmenthelp

Question: Discuss about theAnalysis on Income Tax, Deductions Employee. Answer: An employees is defined to be that person hired and tasked to work on certain cores as per agreed employment terms for economic benefit of the employer whereas and independent contractor is that person who works with the principal on contractual basis and is not bound to any labour laws but is liable to any contractual agreement set in place. The below notes explains in detail the parallel distinction of an employee and independent contractor; An employee relation exists; if there is written employment agreement between the employer and employee if there is minimum expected benefit and entitlements Of wage and salary and finally if there exist holidays, offs and leave days entitlements. Independent contractual relation on the other hand likewise exists on the grounds that they are self-employed hence eligibility to earnings upon invoicing the principal on the goods/services rendered. Independent contractors are not covered by any labour/employment laws whatsoever thus allowing the civil law determine their rights as based on the ruling made on case study of Ace Insurance Vs Trifunovski. By virtue of being self-employed, they are their own boss hence can choose when to work and when thus not, entitled to annual or sick leave. Its prudent to likewise note that this relation is next to zero on basis of choice thus no one chooses preferable relation but nature does it on their behalf. The reason as to why the choice of preferable relation does not exist is because there are no options of foregoing tax requirements as well as employment entitlement willingly instead all this happens as a matter of chance. William by nature of his work he is bounded by a contractual agreement that dictates the principal expectation as he conducts his service from dressing code to interrelation with the students as well as expected general rules. Just like any other independent contractor William is not entitled to any sick leave, holiday pay or any other entitlement twain (Pg.3). IRD case explains that a member who operates as an independent contractor is allowed to work freely for any other organizations at own free time without notifying the principal in any case he is allowed to be paid for the number of hours he worked for the principal. Its from this clause that we are able to define William as an independent contractor he is allowed to work at his own time and for any firm as well as being paid for the exact number of hours he works. Although Williams relation seems to strongly lie on the contractual site, the tasks on provision of equipments by the organisation slightly makes him to be partly employee since it is expected as an independent contractor to use his own tools and equipment however we can assume that the tools were given in good faith and as per the contractual agreements set in place that defines general gross conduct and expectation. Leave or duck test, intention relation test and that of economic reality strongly makes William an independent contractor since he is entitled to terminate the agreement anytime he wishes to, is eligible to an invoice of $50000 payment of the number of hours he worked and finally his contractual relationship is that described by the nature of his job rather than preferable choice. The employee verses independent contractor is of great pivotal importance to state and parties especially when it comes to the statutory tax obligation. Whereby the state via tax department is able to experience smooth tax planning and follow-ups while the parties are given access conducive environment of operation free from penalties and prosecution. For tax purposes, an employer on behalf of the employee is expected to submit and pay PAYE deduction to the Inland Revenue Department as statutory and mandatory failure to which there may exist penalties, impairment of company goodwill or rather reputation and the worst of all operation closure. Independent contractual agreement declaration is likewise vital since the party is made aware of his tax obligation i.e. he is informed that he is not eligible to PAYE subjection as well as other accounts levies but he is eligible to pay GST of an invoice payment made to him of a value more than $60000. Proper distinction of contractual independence and that of employee relation ought to be made so as to determine lawful tax position as well as its expectation. Red Cross is a registered international charitable organization whose activities are exclusively charitable in nature thus any activity under taken by this organization is deemed to have all its funds exempt from income tax this is as per Income Act Tax 2007.This, therefore, limits Pam from subjecting the $30 reimbursement made for the rental room used for the meeting for the charitable organization activities. Reimbursement is tax-free or exempt. Gaming Duties Act prohibits tax charge on lump sum winning as per taxation schedule on windfall gain but instead declares it taxable upon the interest earned resulting from the lump sum deposit. The lump sum amount won by Howard is therefore not taxable referenced by Webber (2010.Pg 700). Although the lump sum amount is tax exempted if the winner decides to bank the amount there exist tax charge of 45% plus a 1.5% Medicare on any interest earned from that deposit. Australian Tax Office has set the minimum value of gift worth $300 to be minor benefit thus exempted Hopkins (2011.Pg21). In our case Dawn reward is above $300 thus does not qualify to be minor benefit hence declared expensed benefit and should be subjected to fringe benefits tax Herring (2006. Pg7). James $30000 gain is classified as capital gain and should report the gain in the income tax return. James is therefore expected by the CGT Act to have this gain included in his income for tax bracket purposes and should be aware that there is no separate tax subjected on this gain alone. By virtue of the dividends being imputed Patricias share of $250 is eligible for the tax credit or offset since the frank distribution share was done from the share of the net profit after tax thus by subjecting this share of dividend to tax again will be crucifying Patricia to double taxation or tax cascade as defined in Australian Double Taxation Relief Order 2010. Kelvins damage compensation is seen to indemnify him to the initial state he was in before dismissal and thus, therefore, there seem to be no gain on this and thus the amount of $36000 compensation is free from taxation Braithwaite (2007.Pg4) The purchase of the motor vehicle by Andree is seen to be for the sole benefit of the business operation this, therefore, allows him to claim the tax credit for the GST included while purchasing the vehicle, however, it's only applicable if he is registered for GST this is according to Goods and Services Tax Act 1985. Income Tax Act 2007 declares that advanced payment of rent is only applicable to the period in which revenue relates thus the rent is for the business operation hence tax deductible but only to the extent of when it was incurred cant claim for the deductible for a future expense event. detailed documents proving this. However, the two days expenses spent on vacation may or may not be accounted for tax purposes on the basis of work related proximity it has on the business thus being left to the discretion of the commission for domestic tax. If we rely on the need to report expenses and income as per Income Tax Act on respective financial period incurred or earned thus Andree need to ask him as to when the income earned and the expenses are for which period. If there exist advanced prepayment or income made thus the need to claim for deductibility and vice versa. However, both can happen upon the agreed laws of the insurer and the commission Henry (2009.Pg 12). This is not deductible because it is a penalty or punishment relating to noncompliance, in any case, it wont serve the purpose of penalty if waived Miller (2016.Pg 13). This legal fee relates to the company business operation i.e. the patent thus the need to claim for the deductible expense is allowed since the fee is for the best interest of the company. Christmas lunch is a gift in kind accorded to employee due to their performance since this is seen to be a fringe benefit to employees and is thought by giving this incentive the employees are encouraged to work even more smart thus Andree can claim this as an allowable as long as he can proof economic benefit from it Herring (2006. Pg7). Bad debts written off are expenses directly relating to the company hence by claiming for the expense is important since do not form part of the receivables used to calculate income tax. References Braithwaite, V., 2007. Responsive regulation and taxation: Introduction. Law Policy, 29(1), pp.3-10. Henry, K., Harmer, J., Piggott, J., Ridout, H. and Smith, G., 2009. Australias future tax system. Canberra, Commonwealth Treasury. Herring, R.J., 2006. Booms and busts in housing markets: how vulnerable is New Zealand? Research Paper. Hopkins, B.R., 2011. The law of tax-exempt organizations (Vol. 5). John Wiley Sons. Miller, A. and Oats, L., 2016. Principles of international taxation. Bloomsbury Publishing. Twain, M., FILM AND MEDIA TAX GUIDE. Webber, S., 2010. Thin capitalization and interest deduction rules: a worldwide survey. Tax notes international, 60(9), pp.683-708. Woellner, R., Barkoczy, S., Murphy, S., Evans, C. and Pinto, D., 2011. Australian Taxation Law Select: legislation and commentary. CCH Australia.

Women in Sports free essay sample

Alexis Bryant June 6, 2011 Ms. Frasier Pd. 5 Women in Sports Women participation in competitive sports and other physical activities was limited in the U. S. until Federal Legislation, mainly know as Title IX, became law. This law required American society to recognize women’s rights to take part in sports. During the time periods before 1870, activities for females were on the recreational level. Then later in the 1800’s and early 190’s, women started forming clubs that were athletic in nature. Early college sports for women were largely unrecognized by historians because competition was among college students and not institutions. Competitions included intramural, club, sorority matches, and the occasional play day, which were special dates where women competed in sports and activities against students and teams from their own school. Women were not active in intercollegiate sports until the introduction of basketball at Smith College in 1892. The first teams to compete in intercollegiate athletics were University of California, Berkley vs. We will write a custom essay sample on Women in Sports or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page Stanford and University of Washington vs. Ellensburg Normal School in 1896. Competitive events for females increased in the early 1900’s. The women’s suffrage movement in the late 19th and 20th centuries resulted in the passage of the 19th amendment in 1920. The first feminist movement resulted in uncertain gains for women in sports and intercollegiate competition. In 1966, the Division for Girls and Women in Sports (DGWS) appointed Commission on Intercollegiate Sports for Women (CISW), to aid in conducting intercollegiate competitions. In 1969, a schedule of national championships for women’s sports was announced. This schedule included gymnastics and track and field. Later in 1970, swimming, badminton, and volleyball were added then finally basketball in 1972. Women, however, wanted an institutional membership organization similar to the NCAA. This brought the replacement of the CIAW by the Association for Intercollegiate Athletics for Women (AIAW) in 1971. The AIAW focused on women student athletes’ education rather than their athletic performance and rejected the NCAA’s â€Å"win or die† attitude. After the passage if Title IX, the NCAA became concerned by what it thought was a potential weakening of its position as the dominant and controlling body of intercollegiate sports. The NCAA watched the growth of women’s athletics and wanted to increase financial base and political power that could only be gained by gaining control over women’s intercollegiate sports, and also by forcing the AIAW out of control. The NCAA decided to for the NCAA Women’s Committee and to not include the AIAW. In 1974 the NCAA met with the AIAW as an attempt to convince the AIAW to affiliate them with the NCAA. But the NCAA did not see the AIAW as an equal and thus refused 50-50 joint union and equal representation at policy making levels. The NCAA became a powerful rival for the AIAW due to its wealth, political influence, and long history. Then it finally decided to introduce women’s championships for intercollegiate sports by offering institutions sponsoring women’s sports, a proposition. The decision made by the NCAA eventually led to the end of the AIAW. The NCAA reserved almost 3 million dollars to support women’s championships. The AIAW was unable to keep up with the NCAA’s incentives and the loss of media rights, membership, income, and championship sponsorship forced the AIAW out of commission June 30, 1982. During this year women’s championships also officially became a part of the NCAA. Following Title IX, females have become more involved in sports. Their participation in college athletics has increased from 15% in 1972 to 43% in 2001. Young girls’ participation in their high schools athletics has increased from 295,000 in 1971 to 2. 8 million in 2002-2003. In 2004 the average number of teams being offered for females per college/university was 8. 32. Today the NCAA sponsors 40 women championships, 38 men’s, and 3 combined in all three divisions. It’s clear that women’s involvement in sports was slow to take off, and not until the beginning of equal rights movements and Title IX, did women officially find a place in sports.