Other intangible benefits envisioned by the British administration are also stated. In addition, in order to emphasize the personal benefits, tax calculations on the average American income is carried out to reveal the significant amount of savings which can be used to invest in various avenues. The ripple effect of such investment on the economy is also noted. The degree of increased freedom with respect to education, advances in society with respect to responsibility and even benefits to the environment is observed. To illustrate this, the case of Eastern European economies, where the social culture is somewhat similar to the western countries, is taken into account. Therefore, a number of illustrations are used by the author to support his point of view (Yagelski et al., 2011, p263-267).The essay deals with a very controversial topic which has a number of implications on various subjects. Moreover, the viewpoint of the author is such that it is a deviation from the traditional one which emphasizes socialism and government control for subjects such as health care, etc. However, the author is able to reveal a number of benefits for both the individual as well as for the society through ownership society. The most appealing benefit concerning the model of the author is with respect to democracy and freedom of choice. Despite the effectiveness of the current social model on the subjects of health care, education, etc, the limitation associated with it is lack of choice. Through the model of the author, citizens are able to decide their own health care plan, schools in which to study and financially plan for their own future which unquestionably has an impact on responsibility and leads to a better society. In other words, such a model is closer to a true form of democracy in which people have a greater say in the decision – making process. On the other hand, the model also has limitations. The most compelling arguments of the model are theoretical in nature and illustrations provided by the author are those of alien environments. Despite the advantages associated with the model, its drawback lay in its practice. The complexity of todays economy means that the overall impact of such a complex model cannot be accurately
ReferencesYagelski, Robert P., Miller, Robert Keith & Crouse-Powers, Amy J. (2011) The Informed Argument. Edn 8. USA, Cengage Learning.
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