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American Families at Risk. Richard C. Leone and others.

by Leone, Richard C; ProQuest Information and Learning Company.
Series: SIRS Enduring Issues 2005Article 31Business. Publisher: American Prospect, 2004ISSN: 1522-3191;.Subject(s): Bush | Consumer protection | Education | Employment (Economic theory) -- Statistics | Family policy | Middle class | Middle class families | Retirement | Risk assessment | Social history | Social security | Tax incidence | Tax reductionDDC classification: 050 Summary: "Since the Great Depression, there has been a strong national political consensus supporting policies that help middle-class families cope with the multiple risks in our market economy. These include the risks of illness, destitution in old age, hazards from defective products, polluted natural resources, industrial accidents, corporate frauds, high unemployment, and other assaults largely beyond the individual's control. Such policies are not, by and large, targeted redistributions to the poor but protections for the broad middle class. Many government activities reflect this concern, including social investments financed by a progressive tax code and a wide array of regulatory protections, almost all the result of necessary responses to past abuses by the market....Without these diverse government activities, ordinary middle-class families would be extremely vulnerable. With them, America both preserves the dynamism of a market system and defends innocent individuals from avoidable economic calamities." (AMERICAN PROSPECT) This article argues that the steps the George W. Bush administration has taken towards tax and social security reform hurt the middle class more than they help it.
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REF SIRS 2005 Business Article 31 (Browse shelf) Available

Articles Contained in SIRS Enduring Issues 2005.

Originally Published: American Families at Risk, May 2004; pp. 39-56.

"Since the Great Depression, there has been a strong national political consensus supporting policies that help middle-class families cope with the multiple risks in our market economy. These include the risks of illness, destitution in old age, hazards from defective products, polluted natural resources, industrial accidents, corporate frauds, high unemployment, and other assaults largely beyond the individual's control. Such policies are not, by and large, targeted redistributions to the poor but protections for the broad middle class. Many government activities reflect this concern, including social investments financed by a progressive tax code and a wide array of regulatory protections, almost all the result of necessary responses to past abuses by the market....Without these diverse government activities, ordinary middle-class families would be extremely vulnerable. With them, America both preserves the dynamism of a market system and defends innocent individuals from avoidable economic calamities." (AMERICAN PROSPECT) This article argues that the steps the George W. Bush administration has taken towards tax and social security reform hurt the middle class more than they help it.

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