Social Security Reform Plan Essay Example | Topics and Well Written Essays - 2000 words

Social Security Reform Plan - Essay Example The first aspect that needs to be changed in the current Social Security policy is the issue of life expectancy. As we speak, most of the payments made are based on the nineteen thirties and forties. At that time, many beneficiaries were expected to live up to an age of fifty five, however, this life expectancy has increased upwards and it is currently at seventy seven years. Experts agree that it would definitely make sense to include this age related issue in the process of making reforms. (Concord Coalition) There are two major options which the US government can take to tackle this issue. They can either increase the amount of taxes being collected from social security contributors or they have the alternative of reducing the amount of benefits going to retirees. The latter proposals are based on the following interrelations When life expectancy has increased, then it may be very difficult for the current crop of workers to meet the total social security payments. This is because beneficiaries must be paid social security for as long as they are alive and this means more payments. Additionally, if the amount of payroll contributions is not changed, then it may be inadequate to cover these costs. In order to avoid extremities or the winner-takes-it-all approach, it is essential to split these costs between the two parties involved i.e. the social security contributors and the beneficiaries. ... Additionally, they also need to involve the payroll tax contributors too. Half of the additional costs brought on by increased life expectancy can be covered by increasing payroll taxes so that no group will feel that they have been treated unfairly. (Cauthen, 38) Dealing with historical debts It has been noted by some researchers that not all workers in local and state institutions pay their taxes. This is one of the reasons that is causing the huge debt that has accrued over the past few years. In order to tackle this problem sufficiently, there is a need to impose mandatory taxation to this group. However, because implementing such a system on pre-existing workers would cause a lot of uproar and unfairness, it would be advisable to introduce that reform for every new worker that enters local or state departments and institutions. If these numbers are curbed, it is estimated that close to four million workers will be able to pay their taxes and this will greatly contribute towards eliminating that large debt that has been accumulated by past generations. Another manner in which the US government can handle this issue is by imposing a form of legacy taxes on high earners. (Springs, 9) As we currently stand, there is a maximum taxable amount and those who make more than this amount are not obliged to pay taxes depending on how much more they earn. This approach is creating a serious loophole and if left unchecked could lead to greater levels of historical debt. These higher earners can be informed that they are contributing towards the historical debt that has accumulated over the past few years. Additionally, the rates may be determined by how much more a contributor is earning above the maximum taxable income. Besides the latter

Case Study Questions on Kimpton Hotels Example | Topics and Well Written Essays - 2250 words

Questions on Kimpton Hotels - Case Study Example Each is individually designed to reflect the energy, personality, and pulse of its distinct location, history, and architectural style. Featuring highly personalized guest services, comforting in-room amenities, and one-of-a-kind specialty rooms and suites, Kimpton Hotels attract travelers with welcoming atmospheres that embrace its signature elements of care, comfort, style, flavor, and fun. Kimpton takes pride in its social responsibility, supporting select like-minded partners and is a leader in ecological practices. Kimpton Hotel serves their customer through their fundamental elements of Care. They try to ensure that this attitude of caring is reflected in each and every staff member to bring about a lasting and satisfying relationship with every customer. Service and caring-it's an attitude. They are very careful about the customer needs and their services. Comfort: The Kimpton offers the customer through the plush, cozy spaces with luxurious amenities for our guests to relax and rejuvenate. In trying to anticipate the customer's needs, wants or preferences, their intention is to see that guests are made to feels at home. Style: The Kimpton Group ensures that each of their locations are unique combining elegance with the whimsical. They design their hotels with the help of top quality designers and architects. They usually purchase existing property and modify it according to their needs rather than build entirely new building. Flavor: Imaginative and fun restaurants and lounges, which feature highly capable chefs that are favored by both locals and travelers. Fun: Fun and enjoyment is a favored theme and necessary activities are made available to see that customers... a. Business Philosophy and it adherence: An organization’s business philosophy can comprise of four components namely Vision, Mission, Culture and Values. This hotel group has a well defined business philosophy covering all the four components mentioned above. It vision is based on personal growth of its employees coupled with organizational growth. Its mission is equally praiseworthy and it is to getting new customers and keeping them for life. The same philosophy holds good for their employees as well. Culture is based on creating as atmosphere self leadership, creativity, performance and development. Values are based on creativity, passion, personality, focus and a system of continuous improvement. Even though many organizations have similar business philosophies, the hotel group has the ability to adhere to it. b. Treating guests as individuals: The Company takes great efforts to individually recognize and threat guests. They also have the software called Guestware to identify any guests who have once checked in before. c. Creating an ambience that is comfortable as well as fun. d. Unique architecture that is both whimsical and artistic. This is further made possible by the practice of purchasing existing buildings for their new hotels which enables them to have unique architectural styles for all their properties. e. Cost savings by following the above practice. f. Smaller number of rooms enables staff to extend more personalized service. g. A highly creative workforce on all their properties.