GDP Podcast - Review

For my GDP review, I reviewed Jelani and Hope's project on Gross Domestic Product. I found it to be really funny and the images were great, but the content was a little off from what I could tell. A lot of the time they didn't sound too sure of themselves, but that could have been easily fixed with a little more recording time. The actual quality of the sound of the project wasn't horrible, although they used a lot of slang words, which is good if you know the people (due to personality), but if you didn't know who was doing it, you might be turned off from it.

The images are seriously half the whole podcast. They're so awesome and on point I don't think I can stress this enough. The style of the podcast seems to be to try to amuse/inform and it does the job pretty well, although it's easy to lose attention. I didn't really learn too much from the podcast because I had studied the same exact and most of the information was pretty much exactly the same.

Taxes - How Does The Government Get Money?

The government and the state charges us many different taxes, for multiple reasons. In general, these taxes (on all different levels of government) help to pay for different things. On the federal level, they pay for social secuirt, WIC, and other government funded-programs of that kind.

Some of theses taxes are:
Luxury tax - taxes on goods such as electronics, and things that we do not need to survive.
Income tax - a percentage of what you make ($$) that goes to social security, and often goes to yoou savings account.
Property tax
and Business tax (these include food business, gas, cars, etc.)

Student Loans- Beware

Culinary school; it offers a lot of dreams from Iron Chef status, to your own TV show, to something as prestigious as owning a 5-star restaurant. That's why kids payt such high amounts of money to attend these schools. When yolu first start out in a restaurant, you dont make more more then $10 an hour, and that is nowhere near enough money to pay back loans and support yourself. This often causes the students to be in quite a bad situation. I think student loans are an amazing thing - if your future occupation can pay them back in a decent amount of time. For example; going to a local college for undergrad is more more practical then going to a $40,000+ college, simply because it's undergrad. The graduate degree is what matters most, and that is somewhat based upon where you go. People need to consider what means more to them; expensive school and sky-high loans, or local school, and no loans. I'd opt for the latter simplty because I love the city and don't want to leave. It also offers a sound alternative to paying a ton of money. If I do have to take out loans, it won't be much, and I'll make sure that I pay them back before the big interest rates hit.