Discussion question- Unit 4

As a student, I do agree with the government because if you are willing to work and have a job in Saskatchewan than you are also willing to pay taxes, just like everyone else has too. The band does have a point by saying that they earned all the money they got and they worked hard for all the money but everyone else in Saskatchewan works hard to earn their money and everyone else has to pay taxes.

People in our world, donate to charities all the time. As the government is asking for you to pay your taxes it is basically another way of donating to charities. I do agree in some way that it isn’t fair at all that people who make more than $250,000 have to pay more in taxes because these people worked hard to get where they are today. Maybe they went to school that they had to pay lots of money for just to do what they want. They deserve to have more money than those who didn’t go to post-secondary or aren’t trying to get a better paying job. Therefore, those who make less should have to pay more in taxes.

To conclude, I agree with the government that they should have to pay taxes but I don’t agree that they should have to pay more for taxes because of the amount of money they make. Everyone in Saskatchewan has to pay taxes and that will never change.

 

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Discussion question – Unit 3

Hello, I am Rebecca from Winston Knoll Collegiate. I am here today to talk about why I believe that credit unions should be taxed the same as banks.

To begin, how is it fair to those who are with credit unions that they don’t have to pay the same amount of taxes than those who are with the bank? Sometimes there are people who are forced to go with the bank because of a job, loan, etc. therefore, these people have to pay taxes although they would rather not.

The credit unions don’t make people pay the same amount of taxes as banks do because it encourages people to go with them rather than banks. Even though credit unions and banks are supposed to be different (because if they were the same they just simply would choose either to make a bunch of credit unions or banks), I still believe it is unfair to make the people with the bank pay for taxes but not if there with the credit union.

Although, many people may complain to the government to change the rule that all banks and credit unions must pay the same amount of taxes, I don’t think it will ever change just because that is the main difference between the two.

Discussion question – Unit 2

The phrase, “Keeping up with the Joneses” means to strive to match one’s neighbours in spending and social standing. People who try to keep up with the Joneses are people who feel it’s important to show that they’re as successful as others. The phrase, “Living within your means” means to spend no more money than one has. These phrases are contradictory to each other because keeping up with the Joneses is someone who spends money just to be popular for example. Someone might buy a $300 dollar purse just to fit in with ‘everyone’ else. Living within your means is more so someone who simply just spends more money than they have.

“Keeping up with the Joneses” is people who try to keep up with the Joneses are competitive about material possessions and always try to have the latest and best things

“Living within your means” requires you to be mindful of how you spend your money, but if you do it correctly, you won’t actually be depriving yourself of the things you really need to be happy. Managing your money and creating a list of things that you need not want could help you be successful as far as spending no more money than one has.

In my opinion living within your means is the best way to be successful with your money in life because people who live by this phrase often end up saving lots of money and knowing how to manage your money. Rather than those who live by the phrase, “Keeping up with the joneses” often end up blowing their money on things they want but don’t need. Regardless of whether you’re wealthy or poor you should always know how to properly manage your money.