The significance of taxation.
Today, the tax subsidy is major feature of the U.S. health care market. Results suggest that the tax subsidy increased the growth of group insurance, particularly among union members and employed persons. This is a critical effect because group insurance is not only less expensive than individual insurance, but it is also easier to obtain, and households with access to group health insurance are far more likely to purchase health insurance coverage than those without similar access. By increasing access to group insurance, the tax subsidy fostered an increase in the purchase of group health insurance by people who may not have purchased individual coverage, and generated institutional change as it cemented an employment-based system of group health insurance in the United States.
Tax can be used as a useful policy tool. The payroll tax rate can be used as a primary policy measure, in place of the fed funds rate. When expectation for nominal output began to run too hot, the Fed could raise the payroll tax rate, reining in spending. (rein: control, dominant) Handing payroll tax rate will largely eliminate the risk that the banking system will pursue a contraction of its own, privately created money and will hamstring the central bank’s efforts to ply the economy with more central bank money when Taxes are used for producing a public good.
Humanity today is facing a massive extinction: languages are disappearing at an unprecedented pace. And when that happens, a unique vision of the world is lost. With every language that dies we lose an enormous cultural heritage; the understanding of how humans relate to the world around us; scientific, medical and botanical knowledge; and most importantly, we lose the expression of communities’ humor, love and life. In short, we lose the testimony of centuries of life. Languages are entities that are alive and in constant flux, and their extinction is not new; however, the...
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