Tuesday, August 24, 2010

Can anyone describe the effects of taxation and price controls on the economy?

Generally, uneven income taxation is structured to redistribute wealth from the rich to the poor. Some believe this is needed to counteract the ';rich get richer / poor get poorer'; problem.





Price controls help break a problematic balance. Attempts to reduce inflation have a tendency to increase unemployment, and vice versa. Price controls help to break the uneven social effects.





Generally, the poor and the most menial workers are hardest hit by unemployment when inflation controls are attempted. Price controls can help to curb inflation without using unemployment as the ultimate result.





These methods are used to help social balance due to the way that rich people and large corporations are able to influence their environment to their favor.Can anyone describe the effects of taxation and price controls on the economy?
very good
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Can anyone describe the effects of taxation and price controls on the economy?
Power point here:





http://ec.boisestate.edu/adalton/Archive

How long will it take our oil president to step up and address the out of control gas prices?

do not hold your breathHow long will it take our oil president to step up and address the out of control gas prices?
He is focused on price fixing by the micro chip companies in California.How long will it take our oil president to step up and address the out of control gas prices?
With the new conflict heating up right now, we'll be lucky if our oil prices don't top the $4/gallon mark before long. I can't stand Dubya, but he won't have much control over that.
People are funny, they like it when their house price goes up, their stocks picks go up , their collectibles prices go up etc but they don't like it when someone Else's products price goes up. Which way you want it?
I am thinking the last 3 days of his term in office
It's probably making him laugh all the way to the bank.
Ummm, what is he supposed to do?


Okay, let me clue you in on something. Gas prices in Germany (where I am right now) are well over $7 a gallon. In the 1960s, when this country was reeling from WWII, gas was nearly $2 a gallon. And that's when the currency favored the dollar.


At that time, President Bush was, what, fifteen? Is he supposed to fix that, too?


Funny, people say he's such a dictator, and a Fascist (not you specifically, but many others), yet he needs to take control of more things? Can't have it both ways. Either he's a dictator, or he lets business set the prices. Which is it?
Out of control??? His family and friends are loading their pockets to the point of bursting. It's all in total control!!!
Until We Burn The Bushes The Barrels Will Continue To Rise,Fact Remains the Bush Family Owns Most of the Oil Owned On American Soil %26amp; Their To Cheap to Release It And Help The Ones They Call Their People I Love This Country I Am An American but I Hate My Government %26amp; Wish nothing Good For The Bush Family If Sponge Bob Square PantsTook Over We'd Be In betetr Shape
Other than pushing for a cut in Federal fuel taxes, or pushing for further relaxation of environmental protection laws, what is the guy supposed to do? He can't just wave a magic wand and make prices go down, and he doesn't have the authority to tell private oil companies what to do.

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How do you use wage and price controls in a sentence that illustrates the meaning of it?

To achieve price control, the firm argues that they must lower the men's wages so that the buyers will still be able to afford their product.

Can the Government of India control the prices?

It is high time that the Government of India takes the 100% control of all the prices of all things in India. Otherwise, no solutions for the Indian poor %26amp; middle income group of people in India.Can the Government of India control the prices?
not only by the Government but by avoiding black market purchase / salesCan the Government of India control the prices?
how it is possible.


world is coming closer


now praises are fixed by the world market conditions


if the local market erred in this matter, GOVT. resorted


bulk importing,giving subsidy and use public distribution


shops.


but the black market is a real danger.


educated people must come forward, and give correct


information to Govt department to take action against.


but the wealthy people evade the govt. by raising false


caste, communal conflict.


the root cause of all problem is the caste.


if younger generation decide mass inter caste marriage


India will become stronger and control price situations
There are two systems to run an economy. First is Socialism and second is Capitalism. the concept of price control is applicable under the socialist system. and we know what happened to most of the socialist economies. the solution lies not in control but with better management of economy. better economic policy and their implementation. but for some essential commodities you may say some kind of price control is required but not for everything, let the market forces determine the price. for the last 50 years we had the price control system but can you say condition of poor was better at that time.
Price controls never work. I remember how difficult it was to purchase anything in the old USSR back in the 70's when they had too many Ruples chasing too few goods. When the price it too low, then too few goods come to the controlled market... they find their way to the black market where they are sold at a price the market will bear. I suspect price controls will always generate criminal enterprises.


I suggest India implement a progressive tax system to build infrastructure %26amp; assist those beneath the poverty line with better education %26amp; medical care. The rich live way too well there %26amp; are almost kings.
*Yup !!
Yes. You are right.
Look at the past when these measures were tried. When gvmt places limits on prices, the price sky rockets.





Gvmt cannot limit prices. When they do, production decreases and prices increase. But since prices can't rise, production again declines. New products come out that are similar and have a very high price.





If you want lower prices, lessen gvmt control and implement more Capitalism.
It is only the govt which is responsible for the price rise.By allowing private playersinto the retail market the govt indirectly increased the velocity of money circulation in the market.It is too late to control the situation Regular use of credit cards demand drafts banker's cheques by the public can help the situation to some extent.Ther should be a thorough check on the artificial shortage of commodities, The govt also should ensure there are no missinglinks in the supplychainof essential commodities.Bogus ration cards are to be detected and taken out of circulaton.Public distribution system is to be streamlined properly.The Rythu Bazars introduced by Chandra Babu Naidu -A.P.Chief Minister are working well .Both the farmers and the consumers are getting benefit from this concept.Maintaining or holding the price line in a country like ours is a very difficult exercise.There shold be a harmonious development of agriculture and industry in the country to ensure a reasonable in the price structure.
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  • B) Would you expect builders and restaurateurs to have the same degree of control over price? Explain.?

    Masss: almas_bins@yahoo.co.inB) Would you expect builders and restaurateurs to have the same degree of control over price? Explain.?
    From the builders side of things, he uses mostly subcontractors from the various trades so they each make a little money and the builder can expect to make 10 to 20 percent. Actually 10 is good these days. So it doesn't sound like the builder has as much control as the restaurateur.B) Would you expect builders and restaurateurs to have the same degree of control over price? Explain.?
    I have no idea about construction but I do know restaurants.





    When deciding the price of a menu item you first have to determine the cost. If it is a food item you have to figure how much you spent on each ingredient, if it is something you buy premade then your cost is simple.





    Generally the price should be 3-4 the cost of the item.





    So a restauranteur has complete control over his prices but if he wants to make money he must cost out his products and price accordingly.

    Does OPEC control fuel prices of American petroleum inside America?

    Phillips 66 does not import their oil. Does OPEC control them also? If, not, can the company set it's own cost on the fuel to be sold to the consumers, or are they bound, in some way, to charge the same as every other oil company?Does OPEC control fuel prices of American petroleum inside America?
    Since OPEC's members produce the majority of oil consumed, they are the principle force behind the price of oil since they control supply at the margins. Yes, there is a future's market and a lot of speculative money has piled into oil contracts but OPEC has the biggest influence on prices and that includes the price Phillips 66 pays or sells at.