Monday, April 6, 2015

the underground economy



The shadow system, aka, underground economy is when people do not have a regular job and get paid under the table, meaning they do not pay tax and have no income reported. For example, a drug dealer has no reported income because it's illegal. They don't pay tax because it's "secretive" if you will.

This can be beneficial because that person being paid under the table or part o the underground economy is receiving money and spending it. Also it helps the person financially, if they cant find a "real" job, it provides them with a living in which they receive money. However, there are some consequences of the shadow system.

The government depends on taxes for spending. The less money spent on taxes, the less money the government has to spend, making their job a lot harder financially.
In conclusion, the shadow system or underground economy can be both beneficial and unfavorable.






Wednesday, March 4, 2015

Net Neutrality


Net neutrality is the agreement of all internet corporations to have equal internet speed so that the wealthier corporations do not eliminate small corporations, or start monopolies. If net neutrality ceases to exist after the government debates this issue, internet users will be seeing many changes in the way they browse.


The wealthy corporations would pay the FCC more money to have their internet service stream much faster than its opponents, thus making the other internet servers, slower. People who use the faster internets will probably have to pay more to have the faster streaming. This will impact the World Wide Web tremendously.


The FCC controls which internet servers get more or less power. They basically make sure that every internet corporation is getting the same amount of power as everyone else so that it remains neutral. However, if this is eliminated, the FCC will grant more power to internet corporations that pay more, and the less fortunate servers, will cease to exist, thus causing a major monopoly.untitled.png