A money usually stays within and is accumulated by

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a. Money usually stays within and is accumulated by the capitalist class b. Working class sells their labor and are paid to produce goods which are then sold for a profit, the profit is then earned by the capitalist class which they can invest and earn more profit 11. Evaluate both the positive and negative effect of greed in achieving the American Dream a. Positive Effects of Greed: i. Favors those that are most determined to succeed and gets rid of the lazy ii. Promotes hard work b. Negative Effects of Greed: i. Wealthy keep accumulating more of the wealth, leaves a smaller portion to be distributed between the poor ii. Wealthy strive to have an unnecessary amount of wealth 12. Evaluate the arguments for and against the usefulness of charitable giving as an effective way to help those with fewer material resources. 13. Use examples from Two American Families to describe how change in the broad economy and labor market affect ability of middle class families to acquire wealth.
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Health Key Questions: How does access to and affordability of health care affect our ability to achieve the American Dream? To what extent is health care a social good - something that we purchase for others to use. Resources: lecture, summary of new Health Care legislation, presentation by Ms Proctor and Dr. McCaulley 1. Describe the characteristics of the uninsured and the underinsured in the health insurance market. a. Low Income working families b. Minorities 2. Evaluate reasons for differential access to health insurance and for not having health insurance. a. Unemployed b. Can’t afford premium c. High costs 3. Explain the differences between Medicare and Medicaid. a. Medicare - provides health coverage if you are 65 or older or have a severe disability b. Medicaid - provides health coverage if you have a very low income 4. Explain the reasons that federal and state government has become involved in health care finance. a. Uninsured are making the overall cost of healthcare skyrocket b. Uninsured cause the over well-being of the country to decrease 5. Evaluate the extent to which the health programs that cover vulnerable populations (children, the poor, the elderly) are equal in accessibility, coverage, and quality. 6. Evaluate options faced by an employer when health insurance costs rise faster than profits. 7. Use the policy triangle to discuss implications of the new health care legislation Life in the Middle Key Questions: How is the middle class identified? Is it best to use objective or subjective measures, absolute or relative measures of being Middle Class. What factors have affected the economic opportunity and resources for the middle class? Resources: class lecture and discussion, Two American Families video 1. Explain why it is challenging to define “middle class.” a. 2. How does one determine if one is in the middle class? Identify objective and subjective measures of “middle class.” Are these measures absolute or relative?
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