This website uses cookies to ensure you have the best experience. Learn more

Thoughtz On Budget Speech

1186 words - 5 pages

The past disadvantaged have found appreciation through redistribution in South Africa but is it growing or destroying the country. Redistribution is recognised as the transfer of wealth, income or property from some individuals to others caused by the social mechanism such as tax laws and monetary policy. Redistribution is crucial in South Africa because in the past years before 1994 black people were disadvantaged because the government did not allocate appropriate resources to the as the country was under apartheid laws, So the new government voted into parliament in 1994 introduced policies such as the black economic empowerment which empowered black people to be given a ...view middle of the document...

g. land, education e.t.c.) by the government so there was no peace in the country, so the new south African government of 1994 redistributed what the black society had lost by giving them back their land, better education and this was done by introducing new tax laws, the country has been stable and in peace since then as the result now south Africa is seen as a developing country that is worth investing in as such the economy of this country has been growing. Redistribution is important in South Africa because of the human intrinsic sense of fairness, once everyone in a country feel that they are equal to each other then the more productive will that country be and that is why the South African policies promote equalness amongst the society otherwise if the society did not feel this the country would be like countries such as Congo, Somalia e.t.c where people are killing each other just because the society does not feel that they are being treated fair by the government. Redistribution policy has made South Africa the number country that has economic and society stability in Africa this proves redistribution is good for as country that wants to live in a democratic society.
Disadvantages of Redistribution
Even though redistribution maybe good for a country but it also has its disadvantages for society. Redistribution of wealth is bad because wealthy people create opportunities for society at their cost, a rich person has the resources to invest on businesses and create jobs but if there is high taxes so how can they be able to employ more workers and increase the standard of living for a poor person if they have to pay these taxes, South Africa has been a victim of high unemployment as many companies have closed down resulting in many people being retrenched, so as the result of lack of entrepreneurs the country’s economic growth has declined as there is high unemployment. Redistribution of wealth is corrupt because it relaxes the poor and reinforces the tendency of most people to be lazy, in South Africa woman who have given birth are granted a right to apply for monthly allowance from government because of this the pregnancy rate has increased as women believe if they have more children the greater you...

Other Papers Like Thoughtz on Budget Speech

Reaction to a Speech

819 words - 4 pages On April 1st 2014, the Colin Powell School for Civic and Global Leadership presented the Inaugural Sternberg Family Lecture in Public Scholarship. The speech “Do America’s Colleges Have a Future” was bestowed upon Andrew DelBanco to deliver. In the opening remarks, Vincent Boudreau was introducing DelBanco. He told us the books he had written, the awards he had won and his position. This gave helped me know my speaker much better. Upon

Nasa's Budget Essay

2831 words - 12 pages country took a serious interest in space exploration was nearly 50 years ago, and it was a competition with another country during a war. Although politicians on Democratic and Republican side have all made inspiring promises to push a more funded and better NASA, neither side has kept these promises and instead have slowly yet surely decreased their budget size. Denise Chow wrote an article on Dr. Neil deGrasse Tyson speech stating h that

Speech Outline

669 words - 3 pages SPCH 1315 Format for Persuasive Speech Outline   General Purpose: To educate parents about the different ways to combat childhood obesity Specific Purpose: At the end of my speech, I want the audience to know how to incorporate easy healthy food and lifestyle choices into their children’s daily life. Central Idea: The three things I want to focus on is how to encourage exercise in our children for busy parents, healthier food choices, and

Philippines' Aquino

763 words - 4 pages comments were meant to soothe market worries that he did not grasp the urgency of raising state revenues, with the Philippines possibly facing a record budget deficit for a second year in a row in 2010. Such concerns emerged after he said in his first speech on economic policy last month that he would not impose new taxes or increase tax rates if elected. WB suggests Philippines to raise oil taxes to boost revenues The Philippine

Tax Revenue Implication from the Formalization of Tax Stamps Usage on the Music and Film Products in Tanzania

1030 words - 5 pages amendments in Excise (Management and Tariff) Act CAP 147 via his budget speech in the parliament on 14th June 2012. “I propose to make amendments in the Excise (Management & Tariff) Act CAP 147, in which we will introduce excise duty on music and film products among others. "This measure is aimed at assisting operators in this subsector to formalize their businesses, prevent piracy of the artist works and enable them to benefit from their

Term Paper

550 words - 3 pages President Benigno "PNoy" Aquino III delivered his fifth State of the Nation Address in front of senators and congressmen in Batasan Complex, Quezon City on Monday, July 22, 2014. This year's SONA had no published theme, but the striking message he mentioned was, "The Filipino is definitely worth fighting for." The President's penultimate SONA, which marked the opening of the 16th Congress, started at exactly 4:00PM and ended after an hour and

Brigham - Chapter 16 - Mini Case

2617 words - 11 pages 1.500,00 1.500,00 ( 16 ) Cumulative surplus cash or loan needed (Line 16 – Line 17) $15.357,64 $33.669,49 e. Should depreciation expense be explicitly included in the cash budget? Why or why not? No. Depreciation is a noncash charge. Only cash payments and receipts appear on the cash budget. However, depreciation does affect taxes, which do appear in the

Project Priority Matrix, Wbs, and Cost Estimation

1782 words - 8 pages ) to talk about overall product advantage and more in depth about the specification. Our projected budget is $57,000 This method presently proven quite effective, because when the people or individual behind the idea give a direct speech on how it is going to benefit customer, it shows their (chiefs) eagerness and excitement to share the “goodness” to society. It is then trust and loyalty will formed automatically, even sometimes by how they

Will We Ever Learn to Co-Exist ?

965 words - 4 pages each other we should be fighting common enemies to mankind; like disease and poverty. He further explained that we should co-operate on developing technology and enhancing it to help mankind be more comfortable and educated. In fact, all that he said makes absolute sense. He put the Afghanistan war expenses for America at one billion dollars per month and suggests that if America spends twelve months of this war budget on global education

American Malnutrition

890 words - 4 pages provides guidelines for dietary intake, as well as menu planners for families and even helpful hints for shopping on a budget. This website also includes many references for us to use as healthcare professionals to not only brush up on our dietary awareness but also to share with our clients. By being knowledgeable about dietary changes our patients can make we are the front line in the fight and are able to encourage small steps to a healthier

Organizational Communication

1223 words - 5 pages flow of communication that allows for feedback and audience input. The audience gets to interact with the speaker and all the speaker’s communication skills are presented. The three step process of analyzing the situation, adapting to the audience, and revising the message can help effectively deliver a speech to the targeted audience. All key points of the message have to be addressed in a speech but depending on the feedback being given

Related Essays

Social Safety Network In Malaysia Budget 2010

602 words - 3 pages and the corporate sector, as well as ordinary Malaysians. In budget 2010, Government has made transforming the Malaysia Nation Brand a top priority. Government focus on the development of small and medium enterprises (SME) which there are 79 SME funds that administrated by various agency were simplified to 33 funds that handle by SME corp. For branding and promotion purpose, government will take from the balance of budget RM300 million for SME

Pa 581 Case Study 2

1369 words - 6 pages Govt Budgeting and Finance Professor:  Vaida Maleckaite 2011 US.Budget A Summary 02/03/2014 “Budget Message of the President” – A Summary Introduction The President of the United States prior to a budget year gives a speech on the fiscal well being of the Nation. This budget is published by the by the Office of Management and Budget. This speech outlines the economic situation, the progress that the country has made during the year

Constitution Right And Challenges Essay

1837 words - 8 pages the Supreme Court is required to be involved. On February 1986, Lawrence Korb the vice president of Washington operation for Raytheon was invited to speak at a Washington policy group on Capitol Hill in Washington D.C. Before then, He was assistant secretary for defense in the Reagan’s administration. In his speech Korb advocated the need for the Reagan Administration to reduce its budget spending in line with the budget

Payroll Budget Implecations Essay

1246 words - 5 pages Finance Minister Pravin Gordhan delivered no surprises in his Budget Speech on 26 February, favouring consistency and steadiness over change and fireworks ahead of the national election on 7 May. His Budget Speech once again put job creation, infrastructure development, social spending and education right on top of the nation’s list of priorities. Taxpayers will benefit from R9,25 billion in personal income tax relief in the new tax year