Monday, March 23, 2015
The Underground Economy
The underground economy is a system off people who are unable to find a job. The purpose of this shadow economy is to provide income "under the table" to these people, which excludes them from paying taxes. Common places an underground, or shadow, economy is in effect are in Brazil or in southern Europe. This "hidden" economy can be beneficial because the people are able to make money for themselves which they then use to buy things which helps the economy. People who are unable to get a "real" job are able to earn a living with this shadow economy. The underground economy could be detrimental the more people are getting paid under the table, the less taxes are coming into the government's funds. Also, taxes would go up because less people are paying them and the government needs money in order to do their job. Overall, the underground economy helps the people in need of a job and money but it hurts the government by not providing revenue.
Thursday, March 5, 2015
Net Neutrality
According to Wikipedia, net neutrality "is the principle that Internet service providers and government should treat all data on the Internet equally." A simpler definition is that the purpose is to have no discriminating to anything on the Internet. Net neutrality is important to corporations because it allows them to get a broad range of consumers but they would prefer to make a profit. It is also important to consumers because it doesn't allow big companies to make people do things. For example, if a big company makes a plan to make people pay for a service then that is not fair to the people that can't afford it.
The purpose of the FCC is to monitor the Internet to assure it is neutral. Recently, there was an outbreak where the FCC allowed a plan to let companies require a fee to customers. The public spoke out against it causing the FCC to put this proposal on a shelf. This was an example of how the FCC remains neutral for the Internet. In the article it states "the FCC will enact new rules that would prevent internet service providers from manipulating how how quickly or slowly sites are transmitted."
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