Assignment Instructions/ Description
Social security for retirees is paid through payroll taxes on the current workforce. However, because retirees are living longer and increasing in number, the inflow of payroll tax revenue from workers at some point will be insufficient to fund the outflow of social security payments. One solution to the problem would be to increase taxes on workers. Another solution would be to reduce retiree benefits and require workers to wait longer before they become eligible for social security benefits (the earliest eligibility is currently 62 years of age). If you were asked to solve the problem, what would you propose?
2.
also: Describe the differences between demand-side policy and supply-side policy. Which one do you prefer and why?
3.answer the following
Question 1
Discuss the differences that exist between social insurance programs and public assistance programs. What is your opinion regarding how far the government should go in providing assistance to those who need these programs?
Your response should be at least 200 words in length. You are required to use at least your textbook as source material for your response. All sources used, including the textbook, must be referenced; paraphrased and quoted material must have accompanying in-text citations.
Question 2
Explain how the federal government promotes business, labor, and agriculture in the United States. Also, describe how the federal government uses its monetary policy as an economic management tool.
Your response should be at least 200 words in length. You are required to use at least your textbook as source material for your response. All sources used, including the textbook, must be referenced; paraphrased and quoted material must have accompanying in-text citations.
Question 3
How does the United States differ in providing economic security to its citizens from that of the European democracies?
Your response should be at least 200 words in length. You are required to use at least your textbook as source material for your response. All sources used, including the textbook, must be referenced; paraphrased and quoted material must have accompanying in-text citations.
Question 4
Discuss how government intervention promotes efficiency and equity in the economy. Be sure that you include restraint of trade, indirect costs, deregulation, and overregulation within your analysis.
Your response should be at least 200 words in length. You are required to use at least your textbook as source material for your response. All sources used, including the textbook, must be referenced; paraphrased and quoted material must have accompanying in-text citations.
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