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The Underground Economy
Title: The Underground Economy
Category: Law & Government / Government & Politics
Details: Words: 475 | Pages: 2.0 (approximately 235 words/page)
The Underground Economy
Many newcomers to the United States are forced to work "off-the-books" in the "underground economy," either because they do not have legal status or social security cards, because they lack work skills or because they prefer a work environment free of paperwork and government intervention. While such an arrangement is illegal, the government has a difficult time doing anything about it. In an underground economy situation, your wages won't be subject to withholding. You'll be paid in cash, but you won't necessarily be any richer, …showed first 85 words of 475 total…
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…showed last 85 words of 475 total…it can’t be obtained. Even more so, you have to put into consideration the consequences of doubling the enforcement. Frank A. Cowell said, “A world of perfect enforcement could be an intolerable place.” Think of the shadow sector…Plumbing, decorating, and vehicle repair jobs may get done that would otherwise be unprofitable under an inappropriately austere of tax regime.”
Needless to say, the underground economy isn’t going anywhere, any time soon. It’s an economic way of living we all to cope with.
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