The Benefits Of The Black Market - 1316 Words

Kryslin Cotton English 1301 Professor Cain 23 November 2016 Under Ground Kings: The Benefits of the Black Market Why is there over 120 thousand people waiting on an organ transplant? Why are there 44 million uninsured people in the United States alone? Why is it that 1 in 10 americans cannot afford their medical medications? All simply answered by the fact that it’s all too expensive. The poverty level, according to USDA 2015, in the United States for a family of four is $24 thousand. With so many conditions, cancers, and diseases, everyone should have equal health opportunity, but this is not the case. In turn, the population turns to alternative sources of help: such as the Black Market. The black market is basically any service or good in exchange for money that isn’t legal. According to Amy Fontinelle, author of â€Å"The Mechanics of the Black Market†, illegal operations could be as simple as â€Å"[†¦] bartering and not reporting the taxable value of the transaction, or hiring a regular housekeeper or babysitter, but failing to pay employment taxes (Fontinelle) .† Black markets contort and falsify government records. Many people enter the world of black markets because they do not want to or are not able to acquire licenses for certain occupations due to governmental restrictions. Such as in New York, to become a licensed taxi driver, one must purchase a medallion which cost $600 thousand or more; they turn to black market alternatives until they are caught. In extenuatingShow MoreRelatedUnderground Economies And Its Effects On Canada1517 Words   |  7 Pagesunderground economy is destructive to the society and should be eliminated as much as possible. With evidence from Statistics Canada, it shows the percentage of how much the black market is affecting the GDP. It also discusses the main causes as to why some sellers choose to be in the underground economy and how they could benefit from it temporarily. Underground economies in a long run are invisible actions that creates very visible consequences, including the vicious cycle of low tax revenue, lessRead MoreThe Underground Economy And Its Effects On Canada1522 Words   |  7 Pages While the underground economy might benefit individuals involved in the trades and make some part of the society happy, it is creating a bad cycle that brings negative third-party effects on Canada and should be eliminated as much as possible. Underground economy, also known as the black market, is when sellers and buyers trade their goods and services then on purposely unreported the business activity to evade the price controls. That includes avoiding the price ceilings, the price floors and taxRead MoreThe World Of Beauty Supply Why Are Our Share Declining1018 Words   |  5 PagesIntroduction In December 2013, GCI Magazine reported â€Å"Beauty Retail Expected to Grow 5.2% into the year 2018.† We are among the top five of those expected to expand based on our current annual revenue of 3.8 billion, with $246 million in net revenue, and market trends which we are projected to bring our industry revenue to roughly 16 million within a mere 3 years (2018). But I have a question? If this is true and we RULE the world of beauty supply why are our shares declining? Why are we loosing stockholdersRead MoreThe Trafficking Of Human Organs1564 Words   |  7 PagesTrafficking Human Organs The trafficking of human organs is on the rise and black market operations are happening under everyone’s nose. Currently there are more than 120,000 people who are on the waiting list for a lifesaving organ. Among these people waiting for their transplant approximately twenty-five people will die each day waiting for their number to come up (Perry, 2016). According to the World Health Organization there is only about ten percent of organ transplants being met through theRead MoreThe Ethical And Medical Controversy1413 Words   |  6 PagesThe argument regarding the selling of organs on the black market has been an ethical and medical controversy for decades. The problems that exists ethically is to be believed that putting a price on a human organ is materialistic, people may go to extremes to donate a kidney, and the fear of the spread of infections or diseases. Although the fears are natural, mostly because people have always associated the black market with a negative c onnotation, the ethical fears out-weigh the idea that donatingRead MoreCathy Siskind-Kelly and Rob Kelly founded Black Fly Beverage Co. to meet the growing demand for900 Words   |  4 Pages Cathy Siskind-Kelly and Rob Kelly founded Black Fly Beverage Co. to meet the growing demand for premium coolers in the Ontario market. They wanted to differentiate their product from other spirit coolers by using natural ingredients and chemical free sweeteners, economically friendly packaging, and a brand name that represented northern Canadians. Furthermore, the final product would be less saccharine than competitors. Black Fly established a micro-distillery in the heart of downtown London, OntarioRead MoreThe National Organ Transplant Act Of 1984884 Words   |  4 Pageshappy life without some of them. Is it because of the potential cost, or maybe it is because to some, there is not benefit. So just like giving blood, America needs a way to encourage citizens to help others in need. Advantages of Selling Organs. The obvious advantage is that by legalizing the sale of organs, lives will be saved. More people will donated organs for the financial benefit. Some think this will cause poor decision to be made, but that is where regulation comes in. Cost is another factorRead MoreTrade Of Human Organs : Is It Ethical?1107 Words   |  5 Pagestransplant has led to a surge in illegal human trafficking cartels and black market vendor ready to exploit the desperate situation of these patients. In some cases, there have been cases of living donor ready to sale their organs for cash rewards. The debate has raged on for some time now concerning the ethical issues surrounding the trade in human organs. In the US, the sale of human organs for any economical or other benefits is prohibited. However, this law has done little to stop the trade inRead MoreImproving The Health Care System1706 Words   |  7 PagesI. Introduction to Access to Health Care People who are able to have access to health care benefit from the health care system. The remaining Americans who are unable to benefit, are faced with adversities trying to obtain basic services within the health care system. As indicated and presented in National Healthcare Disparities Reports, People who are disproportionately affected with the access to health care are minorities, and individuals holding low socioeconomic health status. Persons who areRead MoreThe Effects Of Drug Abuse On The Body1067 Words   |  5 Pagesshould be kept illegal. One of the major compelling arguments about drugs is the benefit of its cost, which I feel there isn’t. Legalization will only allow for violence to increase, and will not be enough to get rid of the black market. Instead of getting rid of prohibition there are alternatives to seek for making the system stronger and save our citizens. One of the biggest debates about the drug war is the cost benefit. Many people like Gary E. Johnson who is a Former governor of New Mexico, believes