Government Spending and Taxation

Case 1: Government Spending and Taxation

Describe how government spending and the composition of the government has changed in recent decades. In other words, in what areas has the government cut spending and in what areas has the government increased spending in recent decades?
Determine if this change in government spending and composition will help Americans achieve a higher standard of living. Be sure to support all claims with research.
Assess whether democracy can survive if the majority of U.S. citizens pay little or nothing in taxes but benefit directly from increased government spending. Why or why not?
Propose the composition of government, government spending, and taxation that you believe would work best. Be specific and support your proposal with research.
Case 2: The Economics of Social Security

Review Special Topic 2: The Economics of Social Security of Macroeconomics: Private and Public Choice.
Using the Economics of Social Security case, knowledge you have gained in this course, and at least three additional credible sources, analyze the case by addressing the following:

Explain how the Social Security system’s basic principles differ from private insurance.
Determine how Social Security affects the economic well-being of the black community compared to white and Hispanic communities.
Assess if the current Social Security system promotes income equality. Why or why not?
Propose how the Social Security system could be modernized to ensure long-term solvency and fairness in distribution. Be specific and support your proposal with research.


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