The, Big Picture Economics, By Naroff And Scherer

The informative novel by Naroff and Scherer, â€Å"Big Picture Economics†, explains economics to the general public with personable events that unseeingly relate to the context of the new global economy. The authors discuss hot topic economical issues in a way that allows uniformed persons to learn how many events in the world, small or large, can essentially relate to the economy. An important economical issue that is discussed in multiple chapters throughout the novel is tax reform. Tax cutting is a complex topic that is often simplified by politicians attempting to expand their polls, however there is a much greater thought process when it comes to tax reform that has to be considered for a successful economic expansion. In the simplest of definitions, tax reform is the process of changing the government’s way of collecting taxes from the public. Typically, the government does so to create more income for the economy. When taxes are raised, the presumed goal is to allow more money to flow in directly from the taxes. On the contrary, when taxes are lowered, the government is hoping to rejuvenate citizens by allowing them to have more money for themselves that they will put back into the economy with greater spending. Many of the United States’ presidents will discuss tax cutting to gain more votes. This is not the solution to all the financial crisis questions, as the book discusses in depth. In addition to the politicians trying to simplify tax reformation, the public hasShow MoreRelatedThe Big Picture By Award Winning Authors That Offer Great Insight Into The Reason Behind The Global Economy Crisis1402 Words   |  6 PagesThe Big Picture is a book by award-winning authors that offer great insight into the reason behind the global economy crisis. The book offers insight into the ways in which one can navigate their way into being successful economists where competition is stiff and the uncertainty of what the market could be tomorrow are a serious challenge. The authors give a clear pathway on how consumers, businessmen, federal reserves and the governments should take account of what is happening about them in order