Updated Reflection #4 GEO - other wrong doings in the...

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GEO 204-01 Reflection #4 Venkatesh explored a classic trade system with off the books cash payment that has been used throughout the world for a very long time. This off the books system is a form of tax evasion that permits people to have higher profit margins for their business whether it be a tailor, a sandwich business, or a tailor. While these underground businesses are not entirely legitimate, they relatively small in comparison to the large corporations and firms that are slapped with tax expenses. Therefore the taxes the government would collect from these businesses don’t really make a huge difference in the grand scheme of the budget. I personally do not have a problem with people working off the books so long as they understand and accept the risks and downfalls. By working off the books, that person isn’t recognized as an employee so there are no health care benefits and very limited legal actions that they can pursue in a case of wrongful termination or
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Unformatted text preview: other wrong doings in the workplace. These are just some of the risks of working off the books. Additionally, if someone is working off the books and collecting enough cash to support their family and yet continuing to collect unemployment and government financial aid like food stamps, other people are paying for this person to free load when they have resources to take care of themselves. Unfortunately there are not many ways to detect situations like this and thus many people mistreat the system designed to help those that actually need it. The government’s statistical data does not include this underground economy that Venkatesh has researched. Therefore Venkatesh has unleashed a new perspective on what the government and urban societal theories as whole do not contain....
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