Premium Essay

Government Should Not Increase the Fuel Price

In: Social Issues

Submitted By syazmirahmad
Words 1555
Pages 7
GOVERNMENT SHOULD NOT INCREASE THE FUEL PRICE

------------------------------------------------- Abstract This essay is about the Government Should not Increase the Fuel Price. Nowadays the fuel prices are increased, and it is eventually going to affect each and everything that we use in our day to day life. Means that there are lot of effect once fuel price increase. For example, the rich get richer, and the poor get poorer. It is a chain reaction once started will affect all. The thesis statement of this essay is government should not increase the fuel price because the cost of doing business will continue to rise, increase the food price and the society will be greatly affected. The topic sentence for Body Paragraph 1 is government should not increase the fuel price because the cost of doing business will continue to rise and the topic sentence for Body Paragraph 2 is other than that, government should not increase the fuel price because it will increase in food price. Body Paragraph 3 is the refutation and the topic sentence is the government should increase the fuel price because it can reduce traffic and pollution.

As we know, fuel has become an indispensable part of our day-to-day life, and we can’t imagine our life without it. There are mishaps and our life must be incomplete without them. Nowadays the petrol prices are increased, and it is eventually going to affect each and everything that we use in our day to day life. Poor people are already working hard to earn square meal a day and this hike is definitely going to paralyze these already-burdened people. Within three years petrol price has increased 10 times and is still increasing. However, in this issue, there are some of people agree for the government to increase the fuel price. It is nothing but adding fuel to the fire. Petrol hike directly or…...

Similar Documents

Premium Essay

Should the Goverment Increase Unemployment Benefits

...Unemployment benefits have consistently been cited by economists as one of the most effective policies at spurring economic growth. I feel strongly that the government should increase and extend unemployment benefits. My reasons for feeling this way are as follows. Currently the unemployment rate is still high and increasing the benefits will allow unemployed people a chance to pay more of their bills. Benefits provide much-needed income support during this time when many Americans would otherwise be left unable to pay their rent or put food on the table. Unemployment benefits have consistently been cited by economists as one of the most effective policies at spurring economic growth. Every week more than 2 million Americans receive an average emergency unemployment benefit check of about $300— money that is spent on rent or the mortgage and utilities, as well as in local supermarkets, pharmacies, gas stations, and newsstands. By increasing the money that the unemployed people put into the pockets they are most likely to spend it. Unemployment benefits help millions of Americans continue to feed their families and keep a roof over their heads even when they lose their job. In doing so, unemployment benefits are an important mechanism for preventing people from falling into poverty. The current unemployment rate is still high and increasing the benefits will allow unemployed people a chance to pay more of their daily living expenses. Americans are also finding themselves out...

Words: 770 - Pages: 4

Premium Essay

High Fuel Prices

...High Fuel Prices and its Effect on the U.S. Economy The United States economy as a whole has been rapidly dwindling down of late, from its all time high marks in the late 1990’s and early 2000’s. Many Americans believe that the cause for this large downswing in the economy is due to the fact of the cost that the United States is putting into the War in Iraq. The war has caused some economic inflation over the past couple of years however; there are other factors that tie into the economic problem of America. One key factor that many people are surely aware of is the high and outrageous gas and fuel prices across the country. Though many Americans are aware of the extremely high gas prices, they don’t fully understand how fuel prices have a monopoly effect on the country and how the U.S. economy is greatly affected because of this. (How Gas Prices Affect Our Economy) Over the past few years gas and fuel prices always seem to be in the news. At first, prices seemed to be high one week and low the next. Now, it just seems that the prices are extremely high and won’t go down. Many times you hear big time politicians say the reasoning for these high prices is due to shortages of oil. This is not the case, for there is no shortage at all. Gasoline reserves on hand are at the highest levels they have been since the early 1990s and the oil deposits under ground aren’t running out either. (There Is No Gas Shortage – BusinessWeek ) So why are politicians saying there is a......

Words: 1055 - Pages: 5

Premium Essay

Should the Government Provide Healthcare?

...they need. The price of health insurance is costing us the people thousands of dollars. Therefore, I believe the government should provide health care to all citizens regardless of their ability to pay for that care. Some rich people may prefer to pay for medical treatment, while the government must necessarily subsidize the health care for children, senior citizens, the unemployed and the homeless, as these groups cannot provide for themselves and, are extremely financially vulnerable. However, working adults can use the benefits of the medical insurance, which will give them an opportunity for a decent medical service and reduce the general taxation burden. The issue of health care throughout the years has been a major issue in the society in the United States and it is one of the most important aspects of an election campaign of any political party. One issue concerning healthcare is that it is very expensive and more than 52 million people do not have any coverage or they have less adequate coverage. In addition, it is very important for people to have coverage for general healthcare maintenance and just in case, something drastic occurs, in their life. A well-organized, efficient health care system is not that easy to provide and one of the key problems on the way to the ideal hospitals and medical help is proper funding. Nowadays, there are three basic types of funding: private, insurance and state. Nevertheless, many people believe that the government must......

Words: 311 - Pages: 2

Premium Essay

Should Government Be Responsible for Csr?

...Should Government have the largest influence on Corporate Social Responsibility ? Introduction Carroll’s four responsibilities of business are economic, legal, ethical, and discretionary (Carroll, 1991). Economic responsibility is a business organization to produce goods or service to society, and creditors or shareholders can get return. Legal responsibility is defined in law by government that management is expected to follow. Ethical responsibility is organization management to obey the beliefs in a society. The last discretionary responsibility is the management of their own accord to take obligations, they do it by themselves, and not others force them to do (Carroll, 1991). Definition of Corporate Social Responsibility Corporate Social Responsibility (CSR) is defined as a business’s decisions or actions are made which take outcomes beyond the organization's economic profit into account in the decision making process (Carroll, 1991). Social responsibilities include ethical responsibilities and discretionary responsibilities. The difference between them was that less people expect a firm to perform discretionary responsibilities, while a lot of people expect a firm to perform ethical responsibilities. Discretionary responsibilities are like day-care centers, to training the hard-core unemployed and philanthropic contributions. A firm can take actions to perform its ethical responsibilities and discretionary responsibilities that society will value it......

Words: 2304 - Pages: 10

Premium Essay

Why the Government Should Subsidize Hybrid Cars

...Why the Government Should Subsidize Hybrid Cars In the midst of an economic recovery and an energy crisis, the United States of America is at the brink of much political debate. One major political dispute arises as to whether or not hybrid cars should be subsidized. According to our research, the economy would be more sustainable and prosperous if the government subsidized the purchase of and research and development of hybrid vehicles. The sales of hybrid cars have steadily declined by 53% within the past year, which is rather detrimental to society. Incentives to buy hybrid cars are too insignificant because technology has not yet been able to produce them at affordable prices. Subsidies should be provided because positive externalities are not accurately reflected in the cost. America desperately needs to create solid energy policies in order to thrive domestically and internationally. With an inadequate amount of attention directed towards environmental and energy issues, America should embrace hybrid vehicles in order to reduce our consumption of foreign oil, thwart the threat of global warming, and implement innovative techniques to use energy more efficiently. To support our findings, we will explore the negative externalities associated with a petroleum-based economy and emphasize the magnitude of environmental benefits that could be reached with more hybrid vehicles. Further we will use economic analysis to justify that the implementation of these......

Words: 690 - Pages: 3

Premium Essay

Government Welfare Should Be a Priority

...Andrew espinoza ENGL December 5, 2013 Government Welfare Should Be a Priority More people are losing their jobs due to government cut backs or getting injured on the job. If not at fault you should automatically be qualified for government welfare. Should there be drug testing for anyone applying for government welfare? Should families who suffer from government or small business cut backs be able to apply for government welfare? Should families with economic hardship or loss of a loved one be given government welfare? With government cut backs and more families losing their jobs, government welfare should be given to families who cannot afford to support the household during recovery. There needs to be a deadline on how long you can have government welfare if approved by the state government. All government welfare should not be abolished to people who lose their jobs due to government cut backs because the government decides to push Obama care to all small businesses. The small businesses that have to provide proof of medical insurance for their employees means the businesses have to pay more money to the insurance companies. In turn the companies have to make some cut backs to compensate for the money loss. This causes layoffs and families have to rely on government welfare. Government welfare should automatically be given to the families who have got laid off or injured in the work place. The only way to receive government welfare is by passing drug tests and......

Words: 489 - Pages: 2

Premium Essay

Should Minim Wage Increase

...Should minimum wage increase? “The bottom line is that five million low-income Americans working full time for minimum wage, deserve a raise,” says Jim Clyburn. The argument that has continued for years is whether the American federal government should increase the minimum? The two opposing sides on this argument are the Republicans and the Democrats. The Democrats are for minimum wage to increase, unlike the Republicans, who are against it and think of it as a job killer. There are many reasons why the Democrats are for the increase of minimum wage. Currently, there are approximately 3.8 million people who are working at minimum wage or below it. Fewer than one in four minimum wage workers are teenagers and more than half are 25 or older. (Dickinson) If minimum wage were raised to $10.10 it would trim payrolls by less than one-third of one percent, which would help approximately one million Americans out of poverty. It has been proven by the Congressional Budget Office that the raise will not affect the number of jobs as much as people think, and the increase will accomplish more than just harmful situations. There should have been a consistent raise in minimum wage from 1968 to now, but there has not been. The federal government minimum wage should be close to $20 an hour. Tax money could potentially fund less food stamps, welfare, and other financial support for this to occur. A family of four trying to be successful and build their family is living on the earnings of......

Words: 1107 - Pages: 5

Premium Essay

Should Ethanol Be Used as an Additive to Motor Fuels

...Should Ethanol Be Used as an Additive to Motor Fuels          Since living in Texas my whole life oil has always been a huge part of my life since oil is everywhere in Texas. I have been aware of corn ethanol production in the United States for a long time. The reason for my awareness is a lot of my family has been apart in the oil industry for a long time. Then I notice every time I go to the gas station that it states “the gas may contain up to 10% ethanol”. These things that have affected my life are the reason I analyzed in greater detail what this article has to say about ethanol. I read one article towards the use of ethanol and one against it.           My journey started with the first article that was assigned to the class: “Energy Balance of Ethanol Even More Favorable Than Estimates” from Usagnet by Alan Tiemann, the Nebraska Corn Board Director. In this article Tiemann talks in great detail about the energy balance of corn production to ethanol conversion is a better measurement and more profitable for both the oil and farming industries. He also states that multiple studies have proven that the conversion measurement is better. The study at the University of Nebraska really stuck out. Ken Cassmann, director of the Nebraska Center for Energy Sciences Research. Cassmann researched and believes that the past researches were based on “backward looking data” and not that true. Whereas, new research conducted at University of Nebraska shows the conversion to ethanol......

Words: 1196 - Pages: 5

Premium Essay

What Should the Price of a Gallon of Fuel Oil Represent to a Customer? What Do You Get for That Price?

...What should the price of a gallon of fuel oil represent to a customer? What do you get for that price? “Purchase decisions are based on how consumers perceive prices and what they consider the current actual price to be—not on the marketer’s stated price” states Kotler (2012). He further goes on to explain that customers may have a lower price threshold at which prices means inferior or unacceptable quality, while a high price threshold at which prices are refused determine that the product is not worth the money. The price of a gallon of fuel should represent what the money customers could have spent using to buy something else. The price a customer is willing to pay represents the value or worth of that product is to the customer. Customers may use price to determine quality of the product. In this case study, the price of Fuller’s oil is was lower than Bellmore’s cash price of that day, but for 15 cents more per gallon customers could join the guaranteed price program, which would guaranteed the set price regardless of fluctuations. The value of a guaranteed price and a worry-free program was more attractive to customers who decided to be a part of the guaranteed price program. What does the customer get? They get peace of mind for an extra 15 cents per gallon, which to them that partook, it was worth it. What are the benefits and risks to the customer should they elect to participate in the guaranteed price program? Is it a fair program? Why or why not? The benefits to...

Words: 1048 - Pages: 5

Premium Essay

To What Extet Should the Government Pay Attention to the Size of the Negative Output Gap When Deciding Whether to Increase Government Spending with a View to Increase Ad

...To what extent should the government pay attention to the size of the negative output gap when deciding whether to increase Government spending with a view to increasing Aggregate Demand? Aggregate demand is the sum of all expenditure in the economy over a period of time. The formula for working out aggregate demand is AD=C+I+G+(X-M). Governments are always looking to increase this as it shows that the economy is producing well. Back of sheet graph A trade cycle diagram shows the potential and ideal output of an economy as well as the actual output produced by the economy. This can be used to see how well an economy is doing and whether they are in recovery growth or real growth. Real growth is when the productive capacity increases while recovery growth is growth that occurs as spare capacity and idle resources are brought back into production to move closer to the production possibility boundary. Trade cycle diagram The negative output gap is when the economy is producing less than its trend or potential output. There are many views as to what a government should do with their spending during this period. Many believe that they should reduce their spending to reduce causing any debt problems and a possible recession however a man named John Keynes said that governments should increase their spending to try and pump more money back into the economy. Keynes's theory overturned the mainstream thought of the time and brought about a greater awareness of......

Words: 983 - Pages: 4

Premium Essay

Increase Car Price and Microeconomic Factors

...Table of Contents 1.0 Article Summary 2 2.0 Application and Illustration 2 2.1 Concept 1 - Market Equilibrium 2 2.1.1 Analyze the concept 2 2.1.2 Illustrate the Issue 3 2.2 Concept 2 - Consumer surplus and producer surplus 4 2.2.1 Analyze the concept 4 2.2.2 Illustrate the Issue 4 2.3 Concept 3 - Monopolistic Competition 5 2.3.1 Analyze the concept 5 2.3.2 Illustrate the Issue 7 3.0 References 8 1.0 Article Summary Based on the article, the car prices in Malaysia will face an increase in 2016, plus the gloomy monetary standpoint with the ringgit hitting its most minimal worth against the US dollar since the last 17 years ago currency crisis, a few individuals may need to delay their plan for buying a new car. After implementation of the Goods and Services Tax (GST), the car area has been hit by moderate interest from customers. Presently with the spiraling ringgit, the industry is in an extreme position keeping costs low to get deals against the increasing expense of parts, imported from abroad. Industry players proposed that those wanting to purchase cars, whether new or pre-owned, to do as such before the cost increment get to be inescapable because of the cash devaluation. In this circumstance, the business sector is still steady until further notice, however applying for advances will be more troublesome soon. In the event that the cars dealing develop quickly, it implies the economy is great, yet now even houses are not offering......

Words: 1703 - Pages: 7

Premium Essay

Government Price Controls

...Government Price Controls Answer the following questions fully and clearly. Be sure to explain why you answered as you did, stating the logical reasons for reaching your conclusions. 1. There are federal and state laws setting minimum wages for workers. There are also city laws setting price ceilings for housing rents. a. Why are there laws setting minimum wages for workers and maximum rents for housing? The laws set for minimum wages protect unskilled workers from exploitation (Gorman, 2008) and provide them with a “living wage” (Livingston, 2011). The idea of a minimum wage was created in Australia and New Zealand to reduce poverty (Gorman, 2008). Maximum rents for housing was created to protect tenants from increased monthly rent cost by landlords (Block, 2008). Formally, rent control is known as the Emergency Tenant Protection Act; which was created during World War II in New York City (Block, 2008). b. Why are there no laws setting maximum wages for workers or minimum rents for housing? Setting a maximum wage law will not only hinder the economy but hurt high wage workers purchasing power. When the economy is booming, most workers receive raises, however if there is a cap placed on the wages, workers would max out their earnings. If workers production levels in one hour is 10 times what they receive in compensation, the only party benefiting in the transactions in the company. Maximum wages would also hurt the market for luxury items. Workers may be......

Words: 1779 - Pages: 8

Premium Essay

What Should Be the Role of Government

...What should be the role of government in international business relations? Government and business are interdependent, and when it comes to international business, this interdependence has grown even further by the globalization of economy. Government often intervene in trade by strongly supporting their domestic companies’ exporting activities. But the more emotionally charged trade intervention occurs when a nation’s economy is underperforming. At this point, government role will be protecting from imports that are reducing work and eliminating jobs in the domestic market, preserve national security and protecting consumers. Protecting jobs and Industries One of the government roles in international business will be protecting jobs and industries from foreign competition. Trade flows can cause major structural shift in employment. Links between industries spread these effects throughout the economy. Such as low domestically produced product will affect the industry that linked to the firm. To protect from foreign competition government can use TARRIFFS AND QUOTAS. Tariffs protects domestic producers of a product because import tariffs raise the effective cost of an imported good, domestically produced goods can appear more attractive to buyers. Also by Quotas protect its domestic producers by placing a limit on the amount of goods allowed to enter the country. This helps domestic producers maintain their market shares and prices because competitive forces are......

Words: 360 - Pages: 2

Free Essay

Philheath Increase Should Not Be Pursued

...The PhilHealth premium increase is one of the hot issues today in the Philippines. The agency tries to increase the annual premium that is paid by the members of this agency, including those self-employed individuals and individual-paying overseas workers. It is said that from the annual premium P1200, Philhealth will increase it to P2400. This circular aims to add more benefits to its clients and members. The agency’s mission is to provide financial assistance to Filipinos in terms of health services through the National Health Insurance Program (B. Garcia, January 16, 2012). In addition, in line with this circular, this will be helpful in the attainment of one of the Millennium Development Goal health targets (Banzon, 2011). However, if this will be implemented, the increase in the annual premium will be an additional burden to those overseas workers, and we can claim that some workers who do not earn much cannot afford this 100 per cent increase. In addition, the Philhealth did not consult those affected members in regards to their circular. And according to Senator Pimentel, there are various groups that oppose this increase in their contributions since the agency had a lack of consultation and discussion to the PhilHealth members, especially the overseas workers (Tamayo, February 25, 2012). Furthermore, not all overseas workers can actually get these health benefits since they already have health insurances abroad that are given by the agency they are working for.......

Words: 329 - Pages: 2

Premium Essay

Government Control Price

...and state laws setting minimum wages for workers. There are also city laws setting price ceilings for housing rents. a. Why are there laws setting minimum wages for workers and maximum rents for housing? The laws set for minimum wages protect unskilled workers from exploitation (Gorman, 2008) and provide them with a “living wage” (Livingston, 2011). The idea of a minimum wage was created in Australia and New Zealand to reduce poverty (Gorman, 2008). Maximum rents for housing was created to protect tenants from increased monthly rent cost by landlords (Block, 2008). Formally, rent control is known as the Emergency Tenant Protection Act; which was created during World War II in New York City (Block, 2008). b. Why are there no laws setting maximum wages for workers or minimum rents for housing? Setting a maximum wage law will not only hinder the economy but hurt high wage workers purchasing power. When the economy is booming, most workers receive raises, however if there is a cap placed on the wages, workers would max out their earnings. If workers production levels in one hour is 10 times what they receive in compensation, the only party benefiting in the transactions in the company. Maximum wages would also hurt the market for luxury items.   Workers may be reluctant in purchasing certain luxury items because once they have reach there max wage; there is no room for wage increases. A price control for rent was created in an effort to aid low-income families.......

Words: 334 - Pages: 2