Thursday, April 18, 2013

War Tax Resistance - My opinion


                                          

                                                      My Educated Opinion        
Any nation needs three things in order to wage war: young men and women who are willing to join the military and risk their lives fighting a war.he consequences are primarily financial, including penalties and fines. The good news is that they are not going to arrest you or throw you in jail for war tax resistance. The IRS just wants their money, just like any other creditor, and you can’t pay them if you’re in jail.You file your taxes every year and include a letter to the IRS stating you are refusing to pay taxes because you refuse to pay for war. Not filing means not informing the IRS that you owe any taxes, and not filing any tax forms.Many people have noted the apparent futility of doing war tax resistance since the IRS often gets their money in the end.I can’t bring myself to do it. I won’t give it to them willingly. If more people refused to pay taxes, my minuscule act of resistance might have more impact. As activists we take many actions which may seem futile and we never can be sure of the efficacy, if any, of our work. Tax resistance is one more way of registering our opposition to war and militarism, and educating people about where their tax dollars really go.





                           How do they manage to get away with not paying taxes?
People are not paying State Federal taxes because they feel like their money is contributing to killing people and violence and also taking money away from the poor. One man who hasn't paid his state federal taxes in 40 years spoke on how he pays social security taxes, and medicare taxes but will not pay state federal taxes to contribute to our wars because he feels it is wrong. This man also spoke on how the government wanted to draft him off to the fight in the Vietnam war and he refused, the following year is when he made up his mind to no longer pay his state federal taxes. Although his actions were risky he did deal with issues with the IRS; the IRS took him to court in 1999 to sue him for not paying his taxes. The case was dismissed the man confessed to not paying his taxes but he argued that he pays taxes to other organizations and he doesn't feel the need to pay state federal taxes that will contribute to weapons, violence, and killing civilians. The man also explained that he doesn't have any bank accounts, he doesn't have a salary anymore because he is self employed and he doesn't own any major properties that the IRS can take from him.

                                                     
                     What do you think the counter argument against war tax resisters are?
I think that society has made paying state federal taxes a priority for people; without educating people on what their money is paying for . For the small portions of people who haven't been paying taxes aren't oblivious to what is going on; they are aware of what their money is being spent on, that is why they refuse to pay their state federal taxes. I think people may argue that these resisters are being selfish and that they don't support the war effort. This topic can be very touchy one at times because many may not agree with tax evasion but others who don't pay their taxes may not want to support something they don't believe in.


                                          

Friday, April 5, 2013

Supply and Demand

                              




Demand Schedule
Demand
Price
600
$  100.00
500
$  125.00
400
$  150.00
300
$  175.00
200
$  200.00




A demand schedule, depicted graphically as the demand curve, represents the amount of some good that buyers are willing and able to purchase at various prices, assuming all determinants of demand other than the price of the good in question, such as income, tastes and preferences, the price of substitute goods, and the price of complementary goods, remain the same. Following the law of demand, the demand curve is almost always represented as downward-sloping, meaning that as price decreases, consumers will buy more of the good.[2]
Just like the supply curves reflect marginal cost curves, demand curves are determined by marginal utility curves.[3] Consumers will be willing to buy a given quantity of a good, at a given price, if the marginal utility of additional consumption is equal to the opportunity cost determined by the price, that is, the marginal utility of alternative consumption choices. The demand schedule is defined as the willingness and ability of a consumer to purchase a given product in a given frame of time.
It is aforementioned, that the demand curve is generally downward-sloping, there may be rare examples of goods that have upward-sloping demand curves. Two different hypothetical types of goods with upward-sloping demand curves are Giffen goods (an inferior butstaple good) and Veblen goods (goods made more fashionable by a higher price).

Supply Schedule

Supply
Price
200
$  100.00
300
$  125.00
400
$  150.00
500
$  175.00
600
$  200.00



A supply schedule is a table that shows the relationship between the price of a good and the quantity supplied. A supply curve is a graph that illustrates that relationship between the price of a good and the quantity supplied .
Under the assumption of perfect competition, supply is determined by marginal cost. Firms will produce additional output while the cost of producing an extra unit of output is less than the price they would receive.
By its very nature, conceptualizing a supply curve requires the firm to be a perfect competitor, namely requires the firm to have no influence over the market price. This is true because each point on the supply curve is the answer to the question "If this firm is faced with this potential price, how much output will it be able to and willing to sell?" If a firm has market power, its decision of how much output to provide to the market influences the market price, then the firm is not "faced with" any price, and the question is meaningless.
Economists distinguish between the supply curve of an individual firm and between the market supply curve. The market supply curve is obtained by summing the quantities supplied by all suppliers at each potential price. Thus, in the graph of the supply curve, individual firms' supply curves are added horizontally to obtain the market supply curve.
Economists also distinguish the short-run market supply curve from the long-run market supply curve. In this context, two things are assumed constant by definition of the short run: the availability of one or more fixed inputs (typically physical capital), and the number of firms in the industry. In the long run, firms have a chance to adjust their holdings of physical capital, enabling them to better adjust their quantity supplied at any given price. Furthermore, in the long run potential competitors can enter or exit the industry in response to market conditions. For both of these reasons, long-run market supply curves are flatter than their short-run counterparts.


                                                             EQUILIBRIUM 




An equilibrium market price is the price at which there is no tendency for it to change.
When price is lower than the equilibrium price, quantity demanded will be greater than quantity supplied. There will be a tendency for the price to increase.
When price is higher than the equilibrium price, quantity supplied will be greater than quantity demanded. There will be a tendency for the price to decrease.
Equilibrium market price is attained when the quantity demanded equals quantity supplied. It is sometimes called market clearing price.
                                  

                                            


                     3-D TV Tuning Out?
3-D TV Tuning Out?    3-D TV Tuning Out?




Consumers have clamored for smartphones and DVRs, but 3-D television? Not so much.
Although more 3-D-capable television sets have become available in the last few years, sales have been sluggish. Lack of demand has caused an issue that complicates the market for 3-D television even further: Not many TV shows are currently available in 3-D. . Despite the issues with the technology, optimistic network executives are reluctant to give up on 3-D TV. 





What happened to the equilibrium price of the phone between Demand 1 and Demand 2?
Which of the following could explain this shift in price?
a) Apple creates a new commercial for i Phones that is effective.
b) The price of producing iPhones has dropped as a result of increased methods of worker exploitation in China
c) Samsung introduces a new Galaxy smartphone at a comparable price.

Pretend a few months after the release of the Galaxy phone it's discovered there's a serious glitch and the news gets all over the Internet.
Create a demand and price graph that would depict a likely scenario.