After the war ended, Canada 's economy did not get better. Because of the war, Canada had to pay $164 million per year to pay off their debt. In result, the modern day income tax was put in place. Over all, Canada 's total debt reached $1,665,576,000
Pierre Elliott Trudeau was Canada’s 15th Prime Minister and a man that changed Canada. Trudeau was prime minister of Canada during 1968-79 and 1980–84, politician, writer and constitutional lawyer. He had accomplished many things throughout his years in office as he was responsible for introducing new laws and acts like the Charter of Rights and Freedoms. Trudeau also brought in the Official Languages Act in 1969. This person is a significant impact towards Canadian history since some of his achievements include the 1980 defeat of Québec separatism, official bilingualism, the patriated Constitution, and the manifestation of the Charter of Rights.
A massive and unusual effort had support the war overseas and had loaned the Canadian government all of the money it needed to fight the war. The resulting debt of more than $2 billion would fundamentally change the nature of our post-war economy. To pay off our debt, the Canadian government must now may over $164 million per year. This debt that was collected due to this excessive war is the cause for our current establishment of income tax and other extra fees. Although World War 1 did bring some positive change to Canada, it also had much negative impact on our nation, our people, and our future.
In the story “The Upside of Income Inequality”, Gary S. Becker and Kevin M. Murphy effectively express’s the importance and need for income inequality in our society. Furthermore, Holly Ellyatt’s newspaper article Income Inequality: Is It Good For Everyone? serves to also point out that economic success and greater productivity is linked to “income inequality”. Although it may seem extremely unfair for someone to make up to two hundred and fifty times as much money as someone else, this notion of “income inequality” actually benefits the society as a whole by encouraging others to work much harder in life and better themselves and their education.
To provide such goods as education, sanitation and parks, the government taxes their citizens to afford the public goods. Since the public goods are funded by the taxes of the citizens, then all the citizens have the right to benefit from them. In addition, the government establishes rules and regulations that benefit society in maintaining the environment safe from harm. Not many governments promote equality, but after gaining prominence in the twentieth century, promoting equality is the third major purpose of government in many different places. With the purpose of promoting equality, the government’s goal is to establish the concept of welfare state, civil rights and equality under the law.
Students from segregated schools are more likely to be involved in the criminal justice system than non segregated schools. Poor schools do not really rely on taxes because the city can’t pay high taxes. Cities with low income have to raise taxes just to meet the minimum requirement to pay for public education. Cities tax rates may vary by needs of schools and the city overall.
I believe that is our duties as citizens to help those less fortunate and help care for our fellow citizens. Therefore, this may require that we have to pay more taxes in order to provide for
What’s the best right that we have in Canada? Well, of course it’s the right to vote. In Canada, everyone is entitled the right to vote as long as they fit 2 requirements which are to be a Canadian Citizen and 18 years of age or older. It might have taken a while for some particular groups to get the right to vote, but today all groups are allowed to vote if the 2 requirements are met. Canadians have been voting since 1792 in Upper and Lower Canada elections, but have been voting in one united election in 1867, when we formed as one united nation known as Canada.
Healthcare Reimbursement Healthcare is made up of many factors. Among those factors are provider reimbursement and the different types of financial methods used by the patients to acquire healthcare services. Provider reimbursement is important and necessary in order to maintain the continuation of healthcare. Like every organization, including non-profit organizations, require revenue in order to pay their healthcare providers, expenses accrued, and to obtain the supplies needed to aid in rendering services. With that said, this is why there are many financial methods such as third-party payers, government agencies, private health insurance, and patient payments.
“The Federal tax system has always served purposes beyond the collection of revenue to fund Government programs” (Farrigan). The people of the United States pay taxes to the government to multiply the money by doing business related negotiations with other countries. In addition, the government uses the peoples tax money in programs such as Medicaid or children’s health insurance, food stamps, and unemployment benefits. Consequently, the government gives back the people’s tax money, but because of the people the government can support, give, and help the people in need. The government multiplies the peoples tax money and since the people are investing their tax money than is only right the people get a beneficial raise on their tax return money.
(Ikpa 469). The current system may be beneficial in high income neighborhoods where the tax rates are higher, but it is insufficient in low income neighborhoods. There is a large difference in higher income neighborhoods compared to lower income neighborhoods. This difference leads to further differences within the students’ education. Students and parents who live in higher income neighborhoods don 't realize the effect of funding schools with property tax because they
The federal tax system is plagued with issues: It doesn 't raise sufficient revenue to back government spending, it is unpredictable, it makes results that are unreasonable, and it impedes monetary productivity. This part examines a few approaches to enhance charges, including making an esteem included duty, expanding natural taxes, improving the corporate expense, treating low-and center pay workers evenhandedly and productively, and guaranteeing suitable tax collection of high-wage family units. A good tax system raises the incomes expected to fund government spending in a way that is as basic, evenhanded, and development well growth as could reasonably be expected. The United States does not have a good tax system.
Public school funding Increasing school funding is very important in today’s future American students. Education should be one of the top priorities in the United States to make sure every student has the same opportunity to get the same great education. Increasing public school funding be beneficial for outdated textbooks, lack of technology, and increases more resources for students. These resources would be crucial of generating students of America. These students are the workers, leaders, and inspirations of future America.
Luxury tax is not a solution to inequality within society. Introduction A real challenge for many economists is to find a way to decrease the financial inequality within society. Several economic and political possibilities exist to decrease the big differences between the rich and the non-rich.
Do you ever think of why should or shouldn’t the rich people pay more tax than others? Nowadays, people are arguing about the fairness of paying more tax. Statistics have proven that the rich have paid the majority of U.S. income taxes. A person making $100,000 will pay a higher percentage of his income in taxes than a person making $20,000 for instance. According to the Congressional Budget Office, “The 10% of households with the highest incomes pay more than half of all federal taxes.
