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November 2, 2024 

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TAXES: Any sort of forced or coerced payments to government. The primary reason government collects taxes is to get the revenue needed to finance public goods and pay administrative expenses. However, the more astute leaders of the first estate have recognized over the years that taxes have other effects, including--(1) redirecting resources from one good to another and (2) altering the total amount of production in the economy. As such, taxes have been used to correct market failures, equalize the income distribution, achieve efficiency, stabilize business cycles, and promote economic growth.

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CURRENT YIELD: The yield or return on a financial asset calculated as the annual rate of return on the purchase price. The current yield is not necessarily equal to the yield to maturity or the coupon rate. For example a $100,000 corporate bond with a 5% coupon rate that is purchased at a discount of $95,000 has a current yield of 5.26%.

     See also | yield | rate of return | coupon rate | yield to maturity | interest rate | maturity | premium | discount | par value | present value |


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CURRENT YIELD, AmosWEB GLOSS*arama, http://www.AmosWEB.com, AmosWEB LLC, 2000-2024. [Accessed: November 2, 2024].


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FOURTH ESTATE

Another term for journalists, reporters, and other members of the media. This is one of four divisions of society based on economic function. The other three are government as the first estate, businesses as the second estate, and consumers as the third estate.

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Today, you are likely to spend a great deal of time searching the newspaper want ads looking to buy either a coffee cup commemorating the first day of winter or a video game player. Be on the lookout for gnomes hiding in cypress trees.
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The wealthy industrialist, Andrew Carnegie, was once removed from a London tram because he lacked the money needed for the fare.
"Always vote for principle, though you may vote alone, and you may cherish the sweetest reflection that your vote is never lost. "

-- John Quincy Adams, 6th US president

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