Taxes

This week in Weserville we learned a lot about what happens when the government gets involved with the economy. One major thing that happens is taxes are set in place. There are three different kinds of tax: proportional tax, progressive tax, and regressive tax.  Regressive tax seems completely unfair. But turns out we have that tax in our own economy. We all got Weserville money and Sarah, our treasurer, took taxes from using the different types of tax. I found that progressive tax is the most fair. Wednesday for our thought question we had to distribute our budget to all of the city of Weserville in our thought question, which proved more difficult than it sounds. Later on Wednesday we played a game where we had to like balance out the the government budget, which was extremely hard.

walmart comes to weserville

This week in Weserville we were researching about wal-mart and negotiationg with them. I missed Monday, but everyone watched a video about when Wal-mart came to Ashland. Ashland was a small town, just like Weserville. The only difference was that Wal-Mart was pursuing Ashland, where as in Weserville we are pursuing Wal-Mart. After that we divided into groups based on our jobs and researched the pros and cons of bringing a walmart into Weserville. Our group thought it was a good idea, and even presented the idea of Walmart taking the gas lines from Dandy. The other group wasn't totally for Walmart, but was willing to corporate.  Since we are low on budget, we called walmart and negoiated on 2 less stoplights, and instead of adding more lanes to the main road we added a paved backroad. We also asked for 18% property tax. Walmart seemed to agree.

This week we learned about the Circular flow chart. It was helpful to understand how we get money and where it goes. We also watched a movie about McDonald's. It was cool because it showed how McDonald's became so popular.

Karl Marx and Adam Smith

This week we learned about Karl Marx vs Adam Smith and the difference between their economies. Everyone acted out a dinner between the two, sharing their beliefs. I agree with Adam Smith that the people should be able to have freedom to buy/ sell without government control. It relates to our class because we have to pick a government for Weserville.

HELLO

Hi. It's wacky tack day.