The Rich Already Pay Their Fair Share of Taxes.

The richest 1% of tax payers pay 40% of taxes. We know that large percent of the pecent of the riches 1% pay are "new rich" from the income mobility data.

The tax rate for individuals in the United States is 15-35%. In Netherlands the tax rate for the indiviual is 52%. In demark the tax rate for indiviuals is 38-59%.

VAT- Value Added Tax
VAT is a tax levied on the difference between a comodity's price before taxes and its cost of production.

Fish and Wildlife Service

The Fish and Wildlife Services was established in 1940. They Created the Fish and Wildlife Services to protect and conserve, wild life, plants, fish, and their habitats. So the american people could benefit from this.

There are some regulations the U.S Fish and Wildlife Service have. If you want to import or export specimens across the U.S. border you have to get a licence from the U.S. Fish and Wildlife Agency. There is the Marine Mammal Protection Act. This law is for the protection of marine animals; no persons is to sell, import, or purchase, unless the animal is specially exempt. There is also the Endangered Species act. This law is probably americas most known wildlife protection law. This law proctects animals and plants that are endangered or could be endangered in the near future. It is against the law to export, import, purchase, or sell any species on the list of endangered speices list.

A Prime example of an impact on humans, and animals, would be the wolf that is on the endangered species list. With the wolves being on the list it really affects farms, and hunters; becasue wolves are killing livestock and hunting game. But is also sent population lower to the wolf into negative effects.


http://www.waterencyclopedia.com/En-Ge/Fish-and-Wildlife-Service-U-S.html
http://www.insectnet.com/us_fishandwildlife.htm
http://www.lab.fws.gov/wildlife_laws.php

Channel One News 9/30/08

The dow down 750 points
City group took over wachovia
lack of gas in the south

Anxiety Spreads

1. The factors that forced Marsha Asbury to raise her prices were, inflation, the cost of her ingredients being shipped is very costly.

2. Appartment rates increased becuase tenents are having to pay for gas, water, sewer, and trash.

3.Consumer Price index is the average price change of goods purchased by a household.

Core inflation is the measure of inflation that doesnt include food products and energy usually.

I think the best way to measure is Consumer Price index because, it measures everything, food, housing, apparel and engergy and core inflation doesnt include everything like food and energy.

The Current Economic Situation

Some of the things that lead up to the current situation are sub-prime morgages, credit default swaps, and credit insurance contracts. Sub-prime morgages are morgages that are usually given out to borrowers with low credit ratings. People that borrow with a credit rating lower than 600 will usually be stuck with the sub-prime morgage and higher intrest rates.





http://www.investopedia.com/terms/s/subprime_mortgage.asp
http://en.wikipedia.org/wiki/Credit_default_swap

The Great Depression

The Main Cause of the great depression was the combination of the unequal distibution of wealth, and the extenstive stock market speculation. Stock market speculation is the chance you make in risk of a loss and no return.
http://www.gusmorino.com/pag3/greatdepression/

Effects of great depression affected the american people badly because there wasnt a welfare system for people who were unemployed. Repossion of cars and houses became very common cause people couldnt aford them anymore. Stock markets crashed causeing even rich people to crash over night.
http://www.thegreatdepression.co.uk/effects-on-america/

We came out of the great depression because of the new deal. President Roosevelt had an idea of providing relief to unemployed people, and the manufactoring sector. He promoted the American Finance system so they would not have anoter depression. The new deal helped come up with social securtity.