policies that provide benefits to individuals, particularly those in need
What is the definition of social welfare policy?
100
government takes a greater share of the income of the rich than the poor
What is the definition of progressive tax?
100
the amount of funds collected between any two points in time
What is income?
100
Privatize it
What did Bush seek to do with social security?
100
a method used to count the number of poor people, it considers what a family must spend for an "austere" standard of living.
What is the definition of poverty line?
200
Social Security
What is the most expensive public policy in the U.S.?
200
government takes the same share of income from everyone, rich and poor alike
What the definition of proportional tax?
200
the value of one’s assets including stocks, car, house, etc.
What is wealth?
200
OASDI, which stands for Old Age, Survivors & Disability Insurance
What is social security's actual name?
200
Ronald Reagan
Who cut benefits and lowered the number of people on welfare rolls in the 80's?
300
Entitlement programs and means-tested programs
What are the two types of social welfare policy?
300
government takes a greater share of the income of the poor than the rich
What is the definition of regressive tax?
300
1,9,90
One-third of wealth in the U.S. is in the top ___%, followed by on-third in the top ___%, and one-third in the top ___%.
300
The Social Security Act of 1835
What act created social security program and a national assistance program for poor children?
300
private
For centuries, societies considered family welfare a ______ concern
400
proportion of income a particular group pays in taxes
What is tax incidence?
400
37
The top 1% of the wealth holders in the U.S. currently possess ___% of all American wealth
400
9/11
Bush's main concern was SS until after what event?
400
$13,290
For 1999, the Census Defined a family of three falling below the poverty level if it had an annual income below ______
500
Means-tested programs
What type of social welfare policy is most controversial?
500
provides income to very poor individuals in lieu of charging them federal income taxes
What is an Earned Income Tax Credit?
500
wealth, income
______ has a larger inequality in America than _______.
500
if people are putting less into the common SS pool then the SS system would run out of money even faster than it already is & cause bankruptcy.
What is the main conflict with privatization of SS?
500
Charles Murray
What economist came to the conclusions that not only were social welfare programs a failure but, they in fact worsened the problem that was already present?