DEMONETIZATION
Demonetization is the act of stripping out a currency unit as legal tender. It happens when change of national currency takes place. The form of money in circulation is pulled out and discarded, which might or often are replaced with new notes and coins. Many a times, a country replaces the old currency with the new ones completely. There can be several reasons why a government wants to enforce demonetization. Some of them are to discourage a cash-dependent economy, to counter inflation, to counter corruption and crime (terrorism, tax evasion), to encourage trade, etc.
There are several advantages linked with the process of demonetization.
The biggest and impactful benefit of demonetization is that it assists the government to locate those people who are the owners of large bulks of unaccounted cash on which no income tax has been registered. This money is earned by corruption and illegal businesses this is also because many people who indulge in earning black money keep them as cash in their villas , farmhouses,houses or in some other secret places. the implementation of demonetization results in discarding all that cash because it has no value and those people are left with two options ; to deposit the cash in bank accounts and pay the taxes on such large amount or
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because of very slow procedure many people suffer serious problem. Everyone has their livelihood and problems so they have deal with it anyhow. The demonetization also leads to currency destruction. Individuals have burnt their cash and discarded the same which is a loss to economy .the government has to make space in the taxes they impose for the cost of printing and circulating new currency. This directly affects the tax payers because the cost of printing new currency is deducted from the taxes they
The death penalty is still in use in the united states. The state with the most executions is in Texas with a total of 545 from 2017 to the year 1976 (Number of Executions, 2017). The death penalty is a very big debate. There are many reasons why and why people do and don’t like the death penalty.
The government relies on collecting taxes in order to create revenue and function successfully. A decrease in taxes affects business and the government differently. A decrease in taxes is good for business and bad for the government. Many entitites rely on government funds in order to operate and function
Having a value-added tax has many different views, but many cons are shown through the system. With having a value-added tax means the tax on the amount of an item goes up based on its production or distribution. Value-added tax being implemented would clear out many peoples savings. It also would be a struggle on the lower classes, and has been called an “unfair regressive tax”.
More than 82 million American residents will have the opportunity to cast ballots on marijuana measures when they go to vote in the presidential election. Men and women can vote for whether or not they want to decriminalize the substance or legalize it, that option has been added to the ballad in nine different states. The states participating in the vote on cannabis laws are Arizona, Arkansas, California, Florida, Maine, Nevada, and North Dakota. Each state has different propositions and rules to follow if they decide to legalize or decriminalize marijuana. The one requirement they had to follow in order to turn in their ballot answers, was that they had to vote in the presidential election.
Convinced that alcohol was the source of almost all crimes, Congress started what was known across the nation as “The Noble Experiment” in 1919. To begin this “experiment”, Congress ratified the 18th Amendment. This Amendment became known as, just simply, Prohibition. Prohibition was a ban the government put on the production, transportation, and sale of any form of an alcoholic beverage from 1920 to 1933. The goal of the government was to get rid of many of the problems that came with alcohol – such as crime, drunk driving, and other negative effects of alcohol. The government believed that by banning the production and transportation of alcohol, they could curb and tame the drinking habits of the nation. Although the
There are actually beneficial effects of deficits on the community. In the article “The Political Economy of Balanced Budget Amendments” by Marina Azzimonti, she stated that deficit can actually aid the economy. Marina revealed that in 1936 John Maynard Keynes pointed out that during recession, higher spending or lower taxes help economic recovery. This happens because when workers are unemployed and capacity is unused, higher government spends and lower tax rates usually increase the overall demand for goods and services. Political debate implicitly assumes that these deficits are adverse but it’s not necessarily the case. The government often finances and spends on public infrastructure such as roads and bridges to promote growth. This directly connects back to the advancement of technology, without growth we are stuck at a standstill. The benefits clearly outweigh the limitation because of all the opportunity it will open up. In the article “The Equilibrium Approach to Fiscal Policy”, David Aschauer showed that with an estimate of one percent increase in public capital raises output by 0.39 percent. Spending money on the community will return value to the government directly or indirectly. The important thing is that the government is looking for growth, this can be seen like an investment and in the long run will someday yield them profit which will slowly balance the budget. Growth is key, the amendment is not the solution, the problem is how the government has shown a lack of fiscal discipline (Stennis
The government pays the people back but with interest. Also it is a way for money to get out of the circulation and it helps control inflation.
Incarceration strives to isolate offenders from society but does not provide adequate therapy to change the mental states and behaviors of criminals. The recidivism rate, the rate of known and recorded relapse into criminal behavior after release from jail, proves that offenders need more than just isolation to change their behavior and eliminate their dangers to society. Communities need not only to provide help and pay attention to offenders with short sentences because of their earlier release than others. In California, an increase in parole grants in 2014 has resulted in 2,000 murderers, classified as the “highest Criminal History Category, VI,” returning to society with no therapy or assistance from reentry programs. 80% of offenders in the most serious criminal history category, the criminal group with the highest recidivism rate, relapsed and returned to prison within five years of release, and 60% of offenders returned to prison within three years of release (Prisoners and Prisoner Re-Entry, 2007; Sanchez, 2014; Sipes, 2017; St John, 2014). Overall, police officers arrest ex-offenders up to forty-five times more than they arrest members of the non-criminal population (Przybylski, 2012). Criminals need specialized psychological treatment to change their behaviors and make them safe to return to their communities. As recidivism becomes increasingly more problematic in today's society, criminal psychologists analyze the motives, incarceration experiences, and mental
One controversial issue in the modern world is the death penalty, to keep it or to ban it is the question. In the United States, the death penalty is given to people convicted of capital crimes. These crimes include, but are not limited to, murder, espionage, treason, and death after an aircraft hijacking. Capital crimes do, however, vary by state. There are many different stances on this issue. Banning it, not banning it, adding different limitations, etc. One common stance is the death penalty should be banned in the US. There are pros and cons of the death penalty, however, the cons outweigh the pros.
Vladimir Putin is the prime minister of Russia and a firm beliver in Russian tradition and nature. He belives that anyone is allowed into Russia as long as they want to live in Russia, work and eat like a Russian, speak Russian, and live by and respect the Russian Laws. He claims that they should leave if they prefer the Sharia Laws, for the reason that the idea is not the Russian way. He made a very strong statement saying “Russia does not need Muslim minorities. Minorities need Russia, and we will not grant them special privileges, or try to change our laws to fit their desires, no matter how loud they yell ‘discrimination’. We will not tolerate disrespect of our Russian culture.” This statement shows how powerful the Russian pride is and
The first and obvious effect would be a deficit in national budget. Without enough money to operate and satisfy community’s needs, the government could be in serious trouble. For taxes cover numerous aspects that directly influence people’s lives, once it displayed signs of insufficiency, standard of living would subsequently go down. According to Center on Budget and Policy Priorities, most of the federal government’s funding goes into defense, social security, and major health problems, with a total of 55 percent for three categories and only 8 percent for benefits for federal retirees and veterans, as well as 3 percent for all other purposes. Allowing tax cuts thus means letting community services weaken in quality and putting the national security at risk. Additionally, budget deficit can also lead to reduction in investment, net exports, and international asset flows, as analyzed by Laurence Ball and N. Gregory Mankiw, research associates of the National Bureau of Economic Research, in their “What Do Budget Deficit Do?” article. What results from these abatements evidently affects the economy heavily, both by devaluing the nation’s currency and decreasing the overall GDP. Considering such possible consequences, hence, it is no longer valid to state that lowering taxes equals growing the economic
Knowing the exact date and time of one’s death would be tremendously terrifying. For the people on death row, it is experienced every single day. Instead of paying their time, they get the easy way out. It puts innocent lives at risk, it is selected at random, and it costs taxpayers a fortune. The death penalty is not a fair justification and the United States should not practice this mechanism.
Firstly, it exerts economic growth. This is because government may have the available funds and therefore spends it on infrastructural development. As infrastructural development occurs, it is in a way creating jobs in the labor force. When that occurs more investors enter into the country to invest thereby creating more jobs leading to an increase in government revenue and high economic growth. When that happens, it is more beneficial to
Prime minister has stated that to diminish the financial source of terrorists is one of the primary reasons for the implementation of demonetization scheme. So, after the circulation of new notes, the state machineries must ensure that the new Indian currencies should
INTRODUCTION: Demonetization is the act of stripping a currency unit of its status as legal tender. It occurs whenever there is a change of national currency: The current form or forms of money is pulled from circulation and