Read pages 106-111

For Friday 10/21 read about Society and Economy and Global Economy

Questions for discussion:

1.  Provide examples of progressive and regressive taxes.

2.  The author states; the gap between rich and poor is not remedied by taxation.  What reasons are given for the lack class-based political movements?
           a.  How does US policy on immigration compare with most other countries?

3.  Provide examples of distributive and redistributive policies

4.  What problems exist with financing Social Security?
           a.  what are the solutions?

5.  Budgets and Deficits
           a.  What leads to a deficit?
           b.  What are positives / negatives to deficit spending?

6.  How has US involvement in the Global Economy grown?

7.  What are the challenges to continued US dominance in the world economy? (dollar)