Instructions
For the initial post, respond to one of the following options, and label the beginning of your post indicating either Option 1 or Option 2:
- Option 1: The main social insurance programs like Social Security, Medicare, and unemployment compensation are funded by a payroll tax on the earnings of individuals who may receive benefits. Do you think the social insurance programs are effective? How are social insurance programs affected by the socioeconomic and political forces? Explain your answers.
- Option 2: Research government regulations on a particular area of your choice, such as food, drugs, product safety, fracking, environment, etc. Do you think the government regulations go too far? Do you think the government needs to add more regulations? How are lobbyists involved concerning regulations on food and drug safety, and our environment concerning fracking? Explain your answers.
Be sure to make connections between your ideas and conclusions and the research, concepts, terms, and theory we are discussing this week.
Answer
Option 1
Social insurance programs are effective in providing food, healthcare, education, and unemployment benefits to residents in the US through programs such as subsidies for higher education, disability and unemployment compensation, and health insurance coverage for certain categories of society members. Social insurance has significantly reduced poverty levels in the US, especially among older adults and children, and substantially increased incomes among adults. For instance, in 2019, Social insurance programs helped cut the rate of poverty by half, specifically from xx% to yy% (Braun et al., 2019). Thus, these programs have …. To access full answer, click on the purchase button below.