Critique of GDP Podcast

I chose to view Alex and benny's pod cast, Although it look they did put alot of work and effort in this project I just found it hard to bare. When benny speak, he speaks as if he is in a race with someone trying to speak faster and faster. Alex on the other hand sounds like hes a sleep while talking. Their project was not only based on their speaking but on what they know as well. Beside's the horrible speaking they knew exactly what they were talking about. I learned many new things about Gross Domestic Product.

I learned there are many economies that live on GDP(Gross Domestic Product). I also learned the GDP is usually calculated on annual basis, these are just some of the interesting things I learned to name a few. The charts and graphs they had seem very accurate.

Taxes, How Does The Government Get Money?

There are many types of taxes, There are federal government taxes, state government taxes and local government taxes to name a few. There are also Income tax which is a tax on the financial income of persons, corporations, or other legal entities. There is Sales tax which is is charged at when something is purchased for certain products and services. There is property tax, which an owner of Real Estate or other property pays on the value of the property being taxed.

one the federal tax's is the notorious IRS. Taxes are what is used to pay for school budgets, city repairs and alot of service workers that work for the city are paid from everyones taxes. Taxes are by deducting from employees pay check's. However alot of people prefer working of the books because that way they do not lose money due to taxing. I believe working legally is better because, you can always file for your taxws especially when you recieve you W2. You also recieve retirement and benifits with it when you retire.

Dreams Crushed-Student Loans

I believe they thought the students could afford to pay the amount of money in time. Its really unfortunate, The students were pretty much conned in to paying for it. They give you a big amount of paper work, just like with banks trying to give young students credit and they go and mess up their credits finacially and as most teens or young adults usually do not read the fine print and sing their live's away. I personally would not take out loans because I know their would be alot of money involved plus interest and taxes, which makes harder to catch up. I would rather save up my money and pay the bills my self.