Universalism,impartialism, & utilitarianism Essay

Universalism,impartialism, & utilitarianism - Essay Example Two of the most powerful theories that have affected and are still affecting how people shape their mindset, goals, and life would be Universalist and Impartialist theories. Universalism is a theory that hinges on a central belief that all people are saved. Universalism is a theory that hinges on a central belief that all people are saved. This salvation has been paid in the most expensive and precious price of the body and blood of Jesus Christ that was shed on the cross. A lot of people ask why it was necessary for Jesus’ sacrifice and Universalists believe that it is the only way for sinful humans to be reconciled to God again after being separated from him because of sin. This salvation applies to all human beings whether they accepted Jesus as their Lord and Savior or not because this redemption would be achieved in one’s lifetime or the afterlife where God will bring people to repentance. This reconciliation does not exclude evil beings. An example of a Universali st point of view would be a mind set wherein one does not depend on one's regularity in church attendance every Sunday because based on this view no amount of good works could save one from eternal death except for Jesus' death on the cross. Another would be the belief that there are no levels of sin. When one chooses to do bad, it displeases the Lord. However, this does not mean that one could be cut off from the love of God. On the other hand, Impartialist theory believes that Impartialism which means choosing something over the other is not necessarily a negative or a positive thing. Being impartial is not closely linked to morality (Hsieh, D., n,d.). This is because of the fact that one can be impartial, choosing another option based on rational qualifications without meaning any harm to the other party. One example of which would be to choose to not go to your friends beach party and yet attend your other friend’s house party because of the fact that you cannot swim. Fur thermore, a person could be impartial in a way that affects his or her action’s morality when one chooses something over the other based on personal motive or gain. A good example of which would be to choose to hire a friend you know is not totally capable of the job just because you can get a wide range of connection from that person and putting off an unfamiliar applicant who is clearly equipped for the job because you don’t see any obvious personal benefits from doing so. Based on the definitions of Impartialist and Universalist theory, both are strongly interconnected with Utilitarianism. Utilitarianism is a philosophy that was first developed by English philosophers John Stuart Mill and Jeremy Bentham. It was based on the experiences of women who were forced into slavery. From this, these philosophers developed the belief that criminals need not only be punished, instead reformed where every being is brought to their utmost positive potential. Thus, Utilitarianism in its entirety is a theory that puts premium on the value of happiness which is achieved in the absences of pain and where pleasure is the ultimate goal (Utilitarianism, n.d.). Impartialism is strongly applied in the theory of Utilitarianism because as Impartialism puts significance in welcoming impartial decisions or actions just as long as it is in line with moral ethics – not having ill motives, which is correlational to Utilitarianism which puts utmost importance on man’s happiness achieved through activities, social acceptance, success, power, luxury, and etc. If one successfully abides in the Impartialist theory, Utilitarianism is achieved as man can reach ultimate happiness. Aside from that, the Impartialist point of view is backed up by what ethics, morality, and at the same time natural law teaches us. Natural law which is the foundation of it all holds the universal law of humans’ right to live, have a decent home, be fed, be nurtured and cared for, be loved, be educated and etc

A commercial office environment Essay Example | Topics and Well Written Essays - 2000 words

A commercial office environment - Essay Example Linux runs on a variety of hardware platforms including Sun, Intel and digital. To meet its role and stand out from similar operating systems, Linux has been included with several edge features which are constantly improved. This paper is out to present an overview of a commercial office environment in which Linux is applicable, mention the relevant factors for the Linux to be deployed in such an environment and present the successes associated with this Linux deployment (Siever and Robbins, 2005). Considering the way a commercial office environment is a dynamic network that entails many key requirements such as scalability, flexibility, extensibility and adaptability, Linux is suitable in such a place as it meets all the above requirements. A commercial office is a business operation thus any equipment or facility used has to be cost effective. This is where Linux beats most of Operating Systems as it is free thus economical to any office environment. Such an environment operates best with Java development as the office activities call for the need to access network resources in a way that cuts a cross platforms allowing for addition applications into the network is the shortest time possible. Linux is the best when it comes to such adjustments which are common in offices. Now that the office environment is ever changing, workers need to be in a position to log in from different locations and stations and at the same time consistently accesses of the files shared. This is a c ommon practice in commercial office environments and Linux makes it as easy and convenient as possible. This will allow the workers work in an environment that is familiar thus increasing their productivity (Rubin and Corbet, 2005). Traditionally, most if not all the machines in commercial offices were operated with Windows NT, with their software servers being Solaris. Such a set up called for the need of additional

Save the Tiger Essay Example for Free

Save the Tiger Essay This article needs additional citations for verification. Please help improve this article by adding citations to reliable sources. Unsourced material may be challenged and removed. (October 2009) Save the Tiger is a 1973 film about moral conflict in contemporary America. It stars Jack Lemmon, Jack Gilford, Laurie Heineman, Thayer David, Lara Parker and Liv Lindeland. The film was directed by John G. Avildsen. The screenplay was adapted by Steve Shagan from his novel of the same title (the first book by the author of The Formula and other thrillers, and generally regarded to be his most successful novel by literary standards). Lemmon won an Academy Award for his role as Harry Stoner, an executive at a Los Angeles apparel company on the edge of ruin. Throughout the film, Stoner struggles with the complexity of modern life versus the simplicity of his youth. He longs for the days when pitchers wound up, jazz filled the air, and the flag was more than a pattern to put on a pants pocket. He wrestles with the guilt of surviving the war and yet losing touch with the ideals for which his friends died. To Harry Stoner, the world has given up on integrity, and threatens to destroy anyone who clings to it. He is caught between watching everything he has worked for evaporate, or becoming another grain of sand in the erosion of the values he once held so dear. Plot A bleak story that depicts an outwardly successful man questioning the value of the material prosperity he is desperately trying to maintain, it follows the uncertain path of Harry Stoner, the real tiger (Jack Lemmon), an executive at an apparel company close to ruin. With no legal way to keep the company from going under, Stoner considers torching his warehouse for the insurance settlement. Meanwhile, he drinks, laments the state of the world, and tries his best to keep the business rolling as usual. This last task is complicated when a client has a heart attack in the arms of a prostitute provided by Stoner. With nerves still shaky, Stoner takes the stage at the premiere of his companys new line, only to be overcome by war memories. He ends the day spontaneously deciding to go home with a young, free-spirited hitchhiker, whose ignorance of his generation underscores his isolation from the world around him. At the end of the film, Stoner agrees to the warehouse getting torched and then walks by a Little League game and attempts to act as pitcher to the children. One child shouts out, You cant play with us, Mister! , leaving Stoner yet again isolated from another part of society. Production and reception The movie was written by Steve Shagan and directed by John G. Avildsen. Lemmon was determined to make the movie, despite its limited commercial prospects, and so he waived his usual salary and worked for scale. The movie was filmed in sequence after three weeks of rehearsal in Los Angeles. There is also a novel version of Save the Tiger, by Shagan: the title comes from a campaign to save tigers from extinction to which Stoner contributes. The movie failed financially at the box office, but critics and viewers who saw it liked the Oscar-winning performance of Jack Lemmon as Stoner. Why should we save tigers? At the turn of the 20th century, according to estimates, India probably had many thousand tigers in the wild. In 2002, based on a census using the pug mark technique, this number was 3,642. As per the monitoring exercise by Wildlife Institute of India in association with National Tiger Conservation Authority (NTCA), Government of India, using camera traps, in 2008 we were left with only 1,411 tigers. This number is so small that they will be gone soon if we don’t wake up to the crisis. The tiger is not just a charismatic species or just another wild animal living in some far away forest. The tiger is a unique animal which plays a pivotal role in the health and diversity of an ecosystem. It is a top predator which is at the apex of the food chain and keeps the population of wild ungulates in check, thereby maintaining the balance between prey herbivores and the vegetation upon which they feed. Therefore, the presence of tigers in the forest is an indicator of the well being of the ecosystem. The extinction of this top predator is an indication that its ecosystem is not sufficiently protected, and neither would it exist for long thereafter. If the tigers go extinct, the entire system would collapse. For e. . when the Dodos went extinct in Mauritius, one species of Acacia tree stopped regenerating completely. So when a species goes extinct, it leaves behind a scar, which affects the entire ecosystem. Another reason why we need to save the tiger is that our forests are water catchment areas. Therefore, it’s not just about saving a beautiful animal. It is about making sure that we live a little longer as the forests are known to provide ecological services like cl ean air, water, pollination, temperature regulation etc.

The Birth of the Congo as a Free State :: African History Essays

The Birth of the Congo as a Free State In the beginning years of his sovereignty, King Leopold the Second of Belgium began to show an interest in the natural resources of Central Africa, especially the wild rubber that was growing within the heart of the jungle. In the year 1876, he called a conference of humanitarians and travelers together who met at Brussels for the sole purpose of debating various plans of how the â€Å"Dark Continent† could be opened up (Doyle). From this conference, the International African Association was formed, which, in spite of its name, was almost entirely a Belgian body, with the Belgian King serving as the President. Its objective was the exploration of the country and the establishment of civilization centers and â€Å"rest-houses† for travelers (Doyle). At the same time, Leopold also pursued the spread of Christianity and freedom to the â€Å"savages† of Africa, so he hired the famous journalist and explorer Henry Morton Stanley to travel the length of the river t o begin signing treaties with the native tribes (Kinshasa). For almost six years from 1879 to 1884, this great explorer labored on behalf of King Leopold, investigating the basin of the Upper Congo River and simultaneously hoping to establish his own imperial society in Central Africa. Upon Stanley’s return from his great journey in 1878, he was met by a representative from the King of Belgium who enrolled him as an actual agent for his Association (Doyle). The immediate task given to Stanley was to open up the Congo for trade at once. Furthermore, he was to make terms with the natives that would enable the stations to be built and the depots established. Thus, in 1879 Stanley finally began his work (Doyle). Stanley labored hard among the Native Chiefs, undisturbed by any of the destructive effects that his own work created, and returned to his employer with at least 450 alleged treaties which transferred land to the Association. There is no record of the exact payment made in order to obtain these treaties, but there is evidence of a similar transaction carried out by a Belgian officer in 1883 at Palabala (Doyle). In that particular case, the payment made to the Chief consisted of "one coat of red cloth with gold facings, one red cap, one white tunic, o ne piece of white baft, one piece of red points, one box of liqueurs, four demijohns of rum, two boxes of gin, 128 bottles of gin, twenty red handkerchiefs, forty singlets and forty old cotton caps.

The Need to Introduce Flexible Benefit Plans for Employees

The employees of today†s workforce are divers. With such a workforce at hand, an employer must have a flexible benefit plan to match the composition of its employees. Flexible benefit plans are a written plan under which employees of a company are allowed to choose two or more benefits consisting of cash and qualified benefits (Everett & Miller, 1994). Some benefits offered under a flexible benefit plan are health care, dental, reimbursement accounts, life insurance, accidental death and dismemberment coverage, long-term disability, vacation, retirement savings, spouse accidental death and dismemberment coverage, and dependent care (Kleiner & Sparks, 1994). A young couple can be assured that their jobs not only meet the daily needs of their growing family, but that their children are covered for very little cost in their own employer-provided hospitalization and health care insurance. A worker employed by the same organization, approaching retirement, can choose benefits that will maximize his/her retirement income as much as possible. With his/her own children grown-up, he/she needs to attend only to his/her own needs. Also known as â€Å"cafeteria plans,† the organization offering a choice of applicable benefits to their employees ensures that the benefits for which they pay are the most useful for each of their employees. Costs are rising in almost every area of benefit provision and administration. The organization is able to secure more favorable rates for those benefits used, if the organization is not required to provide the same service to each employee (Webster, 1996). Employee benefit plans have had a long history, and can be traced back to 1794, when the first profit-sharing plan was created by Albert Gallatin in his glassworks in Pennsylvania (Kleiner & Sparks, 1994). Another notable benefit plan includes those made by the American Express Company in 1875 with the first private pension plan, and the first group annuity contract issued in 1921 by the Metropolitan Life Insurance Company (Kleiner & Sparks, 1994). These early benefit plans were only the beginning of the benefit packages. As it turns out, the Social Security Act of 1935 gave employees across the country a legal framework that supported the development of many forms of employee benefits. Very few employers provide full family health care coverage at no cost to the employee in today†s world, but everyone can save when they provide that coverage only to those who need it. Even though the employee almost always shares the cost now, the employer still provides the major portion of the cost of health care insurance. In today†s increasingly competitive business climate, everyone is forced to operate as efficiently as possible. The advantage to the organization and employees of having a flexible benefit plan is clear. Businesses are not required to pay for services its employees will never seek. For instance, pediatric care was provided across the board in one organization, a significant numbers of the company†s leadership were well past the point of needing that type of coverage for their family (Webster, 1996). Flexible benefit plans can be a very important tool for recruiting new employees and retaining current employees. Also, the costs of administering such plans may be offset to a large extent by the payroll tax savings generated when employees convert previously taxable compensation and income into a nontaxable fringe benefit tax (Everett & Miller, 1994). Flexible benefit plans also provide the employee with the advantage of being able to ensure that benefits chosen are those that best meets their needs. The primary advantage of flexible benefit plans is that the employer and employee receive certain tax advantages. This depends on the types of programs the employee chooses. In some cases, the employee may choose cash rather than any benefits at all, but that option is dependent on company policy. For instance, many companies offer pay in lieu of off the job vacation time, but other companies insist that employees take their accrued vacation time. Another advantage of flexible benefit plans is the ability of the organization to shift some of the cost of benefits to the employees who use them, while simultaneously offering tax advantages in other areas such as 401K plans. Any benefit that is not paid in cash, but is treated as such, is taxable to the employee, but the employee tax liability decreases the employer†s. Any benefit that does not satisfy the nondiscrimination clause of the Internal Revenue code is taxable (Webster, 1996). Other benefits are nontaxable either to the employee or to the employer. To be nontaxable, the benefit must be a qualified benefit under Section 125. Such qualified benefits include accident or health plans, disability benefits, accidental death and dismemberment benefits, the first $50,000 of group term life insurance, a group dependent care assistance plan, and a group legal services plan (Webster, 1996). A disadvantage of flexible benefit plans is that employees are often overwhelmed by the numerous choices a plan may have to offer. In many cases, companies are contracting accountants, financial planners, investment counselors and other consultants to help employees wade through the vast array of options (Jurek, 1995). Such consultant use increases the employers† costs of providing the flexible benefits plans, but employers believe the guidance is needed. As for the IRS, it only requires organizations make flexible benefit plans available to all employees, not explain the intricacies of all options. Employers† that provide flexible benefit plans show the desire to in increase employees† loyalty to the company. In an increasingly tight labor market and faced with the necessity of operating as efficiently as possible, in order to remain competitive, employers view the flexible benefit plan as a tool to enhance employee morale. Flexible benefit plans are also used to improve employer-employee relationships, reduce overall costs of providing benefits, and reduce the incidence of employee turnover (Leonard, 1994). Replacing an employee can cost more than the annual salary of that employee, so it is to the employer†s advantage to retain as stable a workforce as possible (Leonard, 1994). From both the employer and the employee point of view, flexible benefit plans make sound financial sense (Kleiner & Sparks, 1994). These plans provide a way for employers to control and budget benefit cost. At the same time, it is also a way for employees to enhance their benefits while paying expenses with pre-taxed dollars.

Notes On Computer Science Engineering - 2290 Words

TERM PAPER On Hacking Submitted to Mr. Y.S Rathore Amity School of Engineering Technology Guided By: Submitted By: Mr. Y.S Rathore Raj Sharma A2305213236 AMITY UNIVERSITY UTTAR PRADESH GAUTAM BUDDHA NAGAR Declaration by the student I Raj Sharma student of B.Tech-3CSE3 hereby declare that the project titled HACKING† which is submitted by me to Department of Computer Science AMITY SCHOOL OF ENGINEERING TECHNOLOGY, Amity University Uttar Pradesh, Noida, in partial fulfillment of requirement for the award of the degree of Bachelor of Technology in Computer Science Engineering , has not been previously formed the basis for the award of any degree, diploma or other similar title or recognition. The Author attests that permission has been obtained for the use of any copy righted material appearing in the Dissertation / Project report other than brief excerpts requiring only proper acknowledgement in scholarly writing and all such use is acknowledged. Signature Noida Date Name and Signature of Student CERTIFICATE This is to certify that Mr. DEEPAK CHAUHAN, student of B.Tech.Show MoreRelatedA Note On Computer Science And Engineering1361 Words   |  6 Pages A MECHANISM TO PROVIDE SECURITY FOR OSN K. Manasa M.Tech student Computer Science and Engineering GEC,Warangal, Telangana. T. Bhasker Asst Prof. Computer Science and Engineering GEC, Warangal, Telangana. ABSTRACT: Unfortunately Hackers have realized the potential of using apps for spread-ing malware and spam. Networks Applications that present suitable means for hackers to spread malicious content on Face book on the other hand, little is understood concerning features of maliciousRead MoreFoundations Of Engineering Lab Report1358 Words   |  6 PagesFoundations of Engineering Lab Report Project 2 Dominic Simpson Department of Civil Engineering University of South Florida Tampa, U.S.A. simpsond@mail.usf.edu I. INTRODUCTION Engineering has been an essential part of society since man created the wheel. Even from the days in ancient Egypt when the pharaohs built the pyramids they used their own form of engineering. Engineers were always a very prestigious occupation. It was roman engineers who allowed the city of Rome to be built from theRead MoreMy Favorite Science Memories From Elementary School1486 Words   |  6 PagesI have always known that STEM stands for science, technology, engineering, and math, but I have never thought about what it means to me. Even if you do not pursue a career in STEM, you are still around it everyday. In the third grade when we were learning about the planets; we made a mobile representing all of the planets and had an acronym to remember them in order. Another one of my favorite science memories from elementary school was when we learned about the water cycle. We learned a song toRead More The Career of Engineering Essay1652 Words   |  7 PagesThe Career of Engineerin g Take a look around yourself. What do you see? Maybe books, chairs, a television, or even your clothes. All the day to day things that are man-made, you can be sure that an engineer helped make it. Engineers have shaped our world as we know it. There are many different kinds of engineers from chemical, mechanical, textile, civil, agricultural and structural engineers. Our civilization would be as advanced as the Stone Age without these people. This career demands a wideRead MoreAccording to the literature review proposed in this study, the present paper is grounded on the700 Words   |  3 Pagesright sides of brain, that it is impossible to do both types of thinking at the same time. Notably, engineer can learn to foster creative thinking in direction with critical thinking, yet for this experience and practice both are essential. Indeed, engineering among all professions is one that requires distinctive thinking processes from both sides of the brain, that is, the left and right si des. The right side of the brain serves the activities including the problem resolving and also creative designRead MoreComputer Programming And Informational Technology1499 Words   |  6 Pagesof new STEM (science, technology, engineering and math) jobs through 2022 will be in computing† (Hoffman). This information shows that computer science is a major field, and that it is growing rapidly; However, there are not enough people to fill the roles in this field. So, in order to understand how computers work and what career paths are associated with them, It’s important to figure out how the hardware works, software works, and then see what career paths there are in computer programming andRead MoreEssay On STEM Major1587 Words   |  7 PagesIntroduction. The purpose of this report is to survey the current state of less women taking STEM majors and to briefly discuss the recommendations to increase their numbers. STEM is a curriculum based on integrated and applied approach on Science, Technology, Engineering and Mathematics. These four disciplines are based on a cohesive real world approach to learning. Although United States leads in STEM education, only 16% of high school students’ graduates are interested in a STEM Career. Out of theseRead MoreThe Field Of Computer Engineering1347 Words   |  6 PagesSTEM (an acronym for science, technology, engineering, and mathematics) are attractive for many prospective students. My own personal interest lies in the field of computer engineering, which is categorized as a STEM career and reaps the benefits of such a classification. The field of computer engineering requires relatively modest education, but still rewards employees with a comfortable life, numerous benefits, and persona l fulfillment. The qualifications of working as a computer engineer are relativelyRead MoreGrowing Convergence Research At NSF Big Ideas : Lab Report1492 Words   |  6 Pagesand Research Coordination Networks (RCNs) to facilitate the convergence of computer science, education, engineering, and the physical, biological, and social and behavioral sciences to define the key challenges and research imperatives of the nexus of humans, technology, and work. Workshop Review Process Consistent with PAM Section V.B.2.o, a waiver was granted by Howard Wactlar, CISE/IIS Division Director (see Diary Note), to substitute external review with internal review performed by at leastRead MoreWhy Is Computer Science An Open Field1244 Words   |  5 Pages Computer Science: An Open Field JT Raber Indian Valley High School  With computers, we went to the moon. With computers, are revolutionizing communication. With computers, we will become a utopia. The greatest technology of the modern world is computers without a doubt. Because this is the case, there are multiple career variants in the field of computer science, ranging from analog to digital, offline to online, and structured to creative. Digital graphic designers, software developers

Forgiven Mortgage Debt should not be considered as an Income - Free Essay Example

Sample details Pages: 6 Words: 1807 Downloads: 3 Date added: 2017/06/26 Category Finance Essay Type Argumentative essay Level High school Did you like this example? Forgiven mortgage debt should not be considered as an income and people should not be taxed based on that because those who are in this situation already are in trouble and basically à ¢Ã¢â€š ¬Ã…“underwaterà ¢Ã¢â€š ¬Ã‚ . Taxation based on forgiven mortgage debt causes business unfairness and a lot of troubles for our economy in general and especially for lower and middle class families as well as for first time home buyers. During the economic recession which started in 2007, many people lost their job and many of them ended up losing their homes as well because of financial problems. Many of these people who had mortgage loans had trouble paying it, also many of them owe more on their mortgage than their home is worth it. Homeowners who were underwater they were able to sell their houses in short sale which means they sold their homes for less amount of money that their mortgage was and this was done with the bank agreement which allowed them to do so. The number of these underwater homeowners is decreased, however a lot of people still are struggling with their mortgage payments and according to IRS the number of tax fillings for mortgage debt exemption from 2007 until 2011 is increased. Difference between mortgage and forgiven debt is considered as income by government and is taxable, even though is à ¢Ã¢â€š ¬Ã…“phantom incomeà ¢Ã¢â€š ¬Ã‚ , income that you do not get in reality. Example, someone who owns $150,000 on his/her mortgage and they agree with the bank who lend the money to sell the house in short sale for $100,000 the difference which is for $50,000 is considered as an income and this difference is taxable. Mortgage Forgiveness Debt Relief Act was granted temporary by Government in 2007 until 2009 by President G. Bush and was extended twice by Obamas administration, first until December 31, 2012 and second until December 31, 2013. This Act was more than welcome for all those people who were down on their luck fi nancially. According to this some people may argue that mortgage forgiven debt should be taxable just like government thinks, regardless that those homeowners who came to this situation to sell their homes in short sales are people who did a lot to keep their homes and they have different reasons for doing it. Many of those people have lost their job due to a bad economy and simply cannot afford the home anymore. Sometimes there are large medical bills that suddenly came into play, also divorce can cause financial hardship. There are dozens of other legitimate reasons why someone is unable to afford his/her home. Simply these people are not dumb and didnt read what they were getting themselves into. I personally know people that I have worked with and that they lost their homes, they did not lose their home because they are not intelligent or they are not very well educated people actually they are very intelligent and educated people but it happen that they got themselves int o a very sad and unfortunate situation e.g. one of them got divorce and couldnà ¢Ã¢â€š ¬Ã¢â€ž ¢t effort to pay the mortgage by them self, also we have families who went through medical problems and so on. However; this bad situations some of them they survived somehow to keep their homes till now bur after expiration of the mortgage forgiveness debt relief act many of them are going to get tax bill on their phantom income. In interview given for New York Times, Senator Isakson said that à ¢Ã¢â€š ¬Ã…“forgiven debt was nothing more than à ¢Ã¢â€š ¬Ã…“phantom incomeà ¢Ã¢â€š ¬Ã‚  and should not be taxed. à ¢Ã¢â€š ¬Ã‚ ¦is unfair to end the exemption for those families who have manage to hold on their homes.à ¢Ã¢â€š ¬Ã‚  And more over he stated that à ¢Ã¢â€š ¬Ã…“These are the people who have tried the hardest to hang on their homes and keep the economy strongà ¢Ã¢â€š ¬Ã‚ . [Shaila Dewan à ¢Ã¢â€š ¬Ã…“NYTimesà ¢Ã¢â€š ¬Ã‚ ] When I mentioned at the beginning that taxat ion based on forgiven mortgage debt causes business unfairness is that there are other common situations in which cancellation of debt is not taxable example Bankruptcy where debts discharged during this process are not deemed taxable income. Moreover, we have to make difference between those people who bought house for investment, and people who they took out a home equity loan and took that world trip that theyà ¢Ã¢â€š ¬Ã¢â€ž ¢ve been dreaming of instead of using the money to improve their house from those who bought a house to live in it and invested in it. So here is a big issue government should make difference between these categories. I agree with K. Phillips when she question about exclusion thatà ¢Ã¢â€š ¬Ã‚  à ¢Ã¢â€š ¬Ã‚ ¦why keep putting a band-aid on it? Why stop with one year? Why not five years? Or ten years? Why not make it a permanent exclusion?à ¢Ã¢â€š ¬Ã‚  [K. Philips Erb à ¢Ã¢â€š ¬Ã…“Forbesà ¢Ã¢â€š ¬Ã‚ ] making permanent exclusion is the best way to h elp at least those people who worked hard to keep their house such as those people who invested in their house and faced finance troubles because of their unfortunate situations. It is clear that debt forgiveness is effective at preventing foreclosure. Theres an obvious reason and a not-as-obvious reason that principal reductions result in fewer foreclosures. The obvious reason is that less debt equals a smaller monthly payment. People get modifications because they have trouble making their mortgage payments, so smaller payments tend to help. Im just curious as to where IRS expect a homeowner to come up with $25-100,000 to pay for taxes when they cant come up with $1,000-1,500 a month for a house payment. Its not like they can go to a bank and get an unsecured loan, their credit score has just taken a 150 point hit according to Credit Score regulations. By taxing these people for their forgiven debt government not just is going to make extra trouble for these category o f peoples but it is going to make more dependent people to government; example maybe many of them that they will end up asking for help from government e.g. asking for food stamps because of their financial problems. In one way IRS is collecting some extra money but on the other hand government is making people more dependent on food stamps or on other government programs. One thing is clear that if government is not going to extend mortgage forgiveness debt relief act many lower and middle class families as well as first time home buyers are going to be in trouble because of many reasons that were mentioned above and à ¢Ã¢â€š ¬Ã…“Housing advocates argue that not extending the Act is simply bad policy, punishing those already facing serious financial difficulties and pushing off a potential recovery in the housing market.à ¢Ã¢â€š ¬Ã‚  [K. Phillips Erb] I understand your frustration with others seemingly getting free money because of a tax exemption. What you maybe arent t hinking about are the various reasons for a short sale. I have helped multiple families with short sales, and they have different reasons for doing it. Many times they have lost a job and simply cannot afford the home anymore. Sometimes there are large medical bills that suddenly came into play. A divorce can cause financial hardship. There are dozens of other legitimate reasons why someone is unable to afford his/her home. Was some of this due to inflated housing prices? To an extent, sure, but I dont think that very many of us could foresee how drastically prices would fall from their peak in 2005-06. I also reject the notion that all of these people that have found themselves in this situation were simply dumb and didnt read what they were getting themselves into. The people that I have worked with are very intelligent, educated people who got themselves into a very sad and unfortunate situation. Im just curious as to where you expect a homeowner to come up with $25-100,000 to p ay for taxes when they cant come up with $1,000-1,500/month for a house payment. Its not like they can go to a bank and get an unsecured loan, their credit score has just taken a 150 point hit. And yes, most of them tried to refinance/restructure their loans with the bank, but were declined or the offer they were given was not any better than their current situations. Maybe one of you will loan it to them? All this is due to faulty trickle down economy . We dont need this trickle down economy (Top Down Approach) anymore in which bankers get money from govt. then spend it as they like and do all kinda ponzi business, sub-prime crisis , etc etc. Now due to the fear of collapse they want more free money from govt. Why , why should they be rewarded for the problem they created in the first place . Is US govt. their puppet? Is the govt. by the bankers , of the bankers for the bankers. Or are these bankers have united as a secret organisation to squeeze out as much money from US govt. and US citizens. These bankers fat capitalists should be allowed to rest in peace (RIP) and US govt should change their economic policy drastically by accepting the Bottoms UP Approach in which govt. gives sustenance allowance DIRECTLY to each citizens bank account. This is because govt. is the only institution that can create free money. People no longer need jobs and factories should be run by robots completely. Only niche areas should have jobs such as robotics research but that also by the committed dedicated interested people. Since money would go directly to bank accounts of individuals, the money is still with banks. But now bankers and industries would have to provide quality products and services to earn that money from the individual citizens. So with this approach all poverty , hunger, homelessness, unemployment will vanish. This will be true democracy. None of this changes the fact that people signed a contract stating they would pay the bank x amount of dollars. If I bought ABC Company stock for $60/share and it plummets to $20/share, do I get any money back, no I do not. If I sign a legal document stating I owe x to the bank and they pay the difference on my behalf, why shouldnt I have to pay taxes on it? After all, I am the one who signed the note promising to pay them back. Sites: Dewan, Sh. (February 4, 2014). Welcome Relief for Homeowners, Until the Tax Bill Arrives. In The New York Times. Retrieved February 10, 2014, from https://www.nytimes.com/2014/02/05/business/economy/lenders-see-write-off-while-underwater-homeowners-face-stiff-taxes.html. Kelly, K and Rich, S. (December 30, 2013). New Maryland bill could shorten debt collection after foreclosure. In The Washington Post. Retrieved February 10, 2014, from https://www.washingtonpost.com/investigations/new-maryland-bill-could-help-foreclosed-homeowners-avoid-lengthy-debt- Swanson, J. (January 24, 2014). Official Argues Against Short-Sale/Foreclosure Deficiency Counting a s Income in 2014. In Mortgage News Daily. Retrieved February 11, 2014, from https://www.mortgagenewsdaily.com/01242014_loan_modifications.asp. https://www.forbes.com/sites/kellyphillipserb/2013/12/27/tax-break-ending-for-underwater-homeowners-is-it-the-right-time/ Don’t waste time! Our writers will create an original "Forgiven Mortgage Debt should not be considered as an Income" essay for you Create order