Saturday, May 23, 2020

For Euthanasia Persuasive Essay - 1663 Words

â€Å"Death is not the enemy doctor. Inhumanity is† (Rebman 5.) This quote was said by 78 year old Eli Kahn. He placed on a respirator machine in order to keep him alive but against his wishes. Eli Kahn was among countless people in this world that face an inevitable death who are not given the choice of preventing the pain and suffering. Euthanasia is a word that most people avoid because it is very controversial. But why? Euthanasia is a way of ending the prolonging of suffering, while leaving life in peace. Euthanasia is derived from the Greeks where Eu means good and Thanatos means death. When these phrases are combined the word euthanasia is created; meaning â€Å"good death† (6.) There are three types of euthanasia although only two†¦show more content†¦The Hemlock Society was formed by Dereck Humphry in 1980 and now has over 27,000 members. This Society works to change legislation in favor of euthanasia while offering support for person’ s contemplating euthanasia. They also produce publications about euthanasia subjects in order to better educate the public (18.) The second organization, the Euthanasia Society of America, was formed in the 1930’s and is dedicated to bring euthanasia cases out into the public eye (16.) A man by the name of Dr. Kevorkian is unrelated to the Euthanasia Society of America but also strived to bring euthanasia issues into the public. He has assisted in over 100 deaths through euthanasia to terminally ill patients. One of his patients, Thomas Youk suffered from a very severe and painful case of amyotrophic lateral sclerosis. He found Dr. Kevorkian who helped him peacefully pass away and end his long time suffering. Kevorkian has also shown a way that euthanasia patients can also benefit those who are ill but do not want to choose euthanasia. After the death of aShow MoreRelatedEuthanasia Persuasive Essay1064 Words   |  5 PagesAn Avoidable Loss Death by choice or euthanasia is a very controversial subject that is typically one-sided. The very concept of death alone is somewhat a taboo, but controlling death itself is another monster. Death by choice or â€Å"euthanasia† should not be legalized because it promotes defeatism, may lead to the strict procedures to become more accessible to people with non-fatal illnesses, could legitimize murder, or pressure the elderly. When an unfortunate illness befalls, people have a tendencyRead MorePersuasive Essay Pro Euthanasia954 Words   |  4 PagesGrace (JiEun) Lee AP Language and composition Persuasive essay 6 October 2017 Euthanasia legalization The ultimate value of life depends upon awareness and the power of contemplation rather than upon mere survival. Aristotle Being one of the most fervid and controversial topic of all, euthanasia, also known as physician-assisted suicide, has initiated a very sensitive discussion on life and death under one’s ability to choose either side. Euthanasia is defined as a â€Å"the act or practice of killingRead MorePersuasive Essay on Euthanasia963 Words   |  4 PagesEuthanasia - The Right to Decide The definition of euthanasia from the Oxford Dictionary is: â€Å"The painless killing of a patient suffering from an incurable and painful disease or is in an incurable coma.† Consider the words â€Å"suffering,† â€Å"painful,† â€Å"irreversible† and â€Å"incurable.† These words describe a patients terrible conditions and prospects. Euthanasia is known as â€Å"mercy killing† for a reason, it is the most, humane, moral and logical form of treatment available to patients that have no hopeRead MorePersuasive Essay On Euthanasia811 Words   |  4 PagesEuthanasia In present society Euthanasia is a very controversial topic and must be addressed carefully and thoughtfully out of the respect of others. It is a topic that for those who are undecided on what side to pick really do not know which way to swing until it impacts their life. Euthanasia roughly translates into â€Å"a good death†, so for those who chose to end their life by their own decision, and without them having to deal with pain or the inevitable long incurable diseases, thenRead MorePersuasive Essay On Euthanasia973 Words   |  4 PagesEuthanasia, more commonly known as mercy killing, is the action of killing someone in order to end their suffering. This is a way for patients with terminal illnesses to die a peaceful death rather than a painful one; however, it is illegal throughout most of the United States. People have debated for many years whether or not Euthanasia in people should be legal. In the Bible, Exodus 20:13 states that â€Å"Thou shalt not kill.† This verse brings people to believe that mercy killing is an act of defianceRead MorePersuasive Essay Euthanasia1446 Words   |  6 PagesEuthanasia: A Legal Murder According the Merriam-Webster dictionary, Euthanasia is â€Å"the act or practice of killing or permitting the death of hopelessly sick or injured individuals (such as persons or domestic animals) in a relatively painless way for reasons of mercy. This procedure seems appealing to the many people around the world who suffer from terminal illnesses. In the minds of these people euthanasia or doctor-assisted suicide seems like the only escape. As stated in a journal, â€Å"My friendRead MorePersuasive Essay On Euthanasia1430 Words   |  6 Pageswould that answer change if you were suffering? Euthanasia, also known as â€Å"good death,† is the act of putting a living thing to death painlessly or allowing them to die by withholding extreme medical practices, such as withholding food. Then there is involuntary euthanasia: â€Å"a competent person’s life is brought to an end despite an explicit rejection of euthanasia† as stated by Robert Young, the author of Med ically Assisted Death. In the case of euthanasia, many people will argue that it is murder, butRead MorePersuasive Essay On Euthanasia737 Words   |  3 Pageswith no hope of ever leaving their hospital bed, death may seem like a blessing. Euthanasia is the practise of intentionally ending a life to relieve pain or suffering, a practise which is yet to be legalised in too many countries for being seen as illegal and immoral-which is ridiculous. A terminally ill patient or those suffering from deteriorating progressive conditions should always have the option of euthanasia. If possible, everyone would choose a quick and dignified death when the time comesRead MorePersuasive Essay On Euthanasia730 Words   |  3 Pages Euthanasia is sometimes referred to a â€Å"mercy killing.† This controversial topic has been debated for decades. Some argue that euthanasia causes more harm than good, and with modern medicine it is simply unnecessary. Others argue that it is an act of mercy sparing a suffering individual from days, weeks, or months of unnecessary pain and anguish. However, there are moral and ethical questions surrounding euthanasia. It could be argued that killing of any kind is murder. No matter the situation orRead MoreEuthanasia Persuasive Essay1577 Words   |  7 Pagespainful clutch. Euthanasia and physician-assisted suicide are two ways to end the life of a person. Euthanasia is the act or practice of killing or permitting the death of hopelessly sick or injured individuals (as persons or domestic animals) in a relatively painless way for reasons of mercy (Merriam-Webster), also defined by the Oxford dictionary as the painless killing of a patient suffering from an incurable and pai nful disease or in an irreversible coma. In places where euthanasia is allowed, it

Tuesday, May 12, 2020

The Tragic Tragedy Of Macbeth By William Shakespeare Essay

Absolute power corrupts absolutely†¦ unless, of course, your absolute power is a God-given right. The iconic tragedy Macbeth is arguably one of the most recognised literary works of William Shakespeare, centered on the idea of illegitimate power. Throughout the text, Shakespeare explores the destructive nature of power through various representations and characters, conveying an unceasing struggle for power amongst the main protagonists that causes devastating consequences. Though Shakespeare conveys many different representations regarding the nature of power and the way it operates throughout Macbeth, in particular he represents power as a divine right with which one should not tamper, in order to avoid disaster. Written during the seventeenth century when belief in a divine-ordained hierarchy prevailed, this representation of illegitimate power acted as the driving force of the play and distinctly reflects certain socio-cultural views of the era. It was thought during this ti me that if monarchial power was gained through illegitimate means, destruction of the mind and state would result; Shakespeare foregrounds the idea that if one does indeed tamper with the divinity of power, the resulting control will be fleeting. This interpretation subsequently allowed the audience to anticipate Macbeth’s usurper of the Scottish throne to ultimately lead to a collective pain, loss and suffering. Whilst examining the play Macbeth, the representation of illegitimate power will beShow MoreRelatedThe Tragic Tragedy Of Macbeth By William Shakespeare770 Words   |  4 PagesTragic plays involve the fall of one or more characters, specifically the main character, and causes a viewer to feel sorrow, pity, or similar feelings for them. Of Antigone and Macbeth, Macbeth is the more tragic of the two because Macbeth overall includes more tragic events and creates a greater atmosphere of pity and sorrow, especially in the introduction and middle of the plays, than Antig one features. At first, while both plays are building up the beginnings of tragedy, Macbeth’s greater shareRead MoreThe Tragic Hero Of Macbeth By William Shakespeare1724 Words   |  7 PagesA Greek philosopher named Aristotle once said, Tragedy is an imitation not of men but of a life, and action†¦. Aristotle is famous for his theory of tragedy. His definition of tragedy applies to William Shakespeare s play Macbeth. The play is about a hero who reaches a high position in the play and then falls because of his choices. Macbeth is a tragic hero according to Aristotle s aspects that make a tragedy. Macbeth is neither a villain nor a perfect character, he appears in the play in a highRead MoreGerald Deocariza Iii. Mrs. Jardine. English 3, Period 4.1161 Words   |  5 PagesJardine English 3, Period 4 18 January 2017 The Shakespearean Ways of a Tragic Hero Do all villains everywhere start in a terribly dark life? No, some heroes become corrupted because of their abilities as heroes. These types of heroes become tragic heroes, who destine for a serious downfall and set as the protagonists of a dramatic tragedy. A tragic hero gets For example, William Shakespeare wrote a play called The Tragedy of Macbeth to show Macbeth’s uprisings and downfalls. Macbeth’s downfall resultsRead MoreMacbeth as a Tragic Hero in William Shakespeares Play Essay935 Words   |  4 PagesMacbeth as a Tragic Hero in William Shakespeares Play The play ‘Macbeth’ by William Shakespeare charts the rise and fall of the Scottish general Macbeth, through a tale of treachery, deceit and death. First performed in 1606 ‘Macbeth’ is inspired by a story of the Scottish monarchy. A tragic hero is one who at the outset is not wholly good or bad but has a character fault that causes them to make tragic mistakes resulting in their eventual downfall. ‘Macbeth’ is a renaissanceRead MoreWhat Are The Similarities Between Macbeth And Othello1267 Words   |  6 PagesWilliam Shakespeare is the playwright in which the works of Macbeth and Othello are written . These works are both written in Shakespeares signature style of tragedy where a character experiences a reversal of fortune at the hands of their own actions. A true tragic hero is a character who is admired while being flawed; has both good and evil characteristics; experiences a hamartia, a moral mistake or ignorant error; is given an opportunity for redemption yet continues refusing; experiences theRead MoreEssay on Shakespeares Macbeth - The Tragic Hero717 Words   |  3 PagesMacbeth - The Tragic Hero      Ã‚  Ã‚   Every true Elizabethan Tragedy comes complete with a tragic hero.   The tragedy Macbeth, written by William Shakespeare, has a perfect example of a tragic hero, otherwise known as Macbeth.   A tragic hero must be a man who is great and admirable in various ways.   He should be placed in society in such a way that everything he does affects all of the members of his society.   A tragic hero should at some point reach the top of Fortune’s Wheel, but land upRead MoreThe Tragedy Of Macbeth By William Shakespeare1205 Words   |  5 PagesThe first tragic story created in ancient Greece. Tragedies were written as a form of catharsis or purgation of emotions. In these types of plays, the audience finds characters in which they can relate to which is a tragic hero. The tragic hero creates his own failures based upon their own actions and produces a detrimental fate for himself. The process of the protagonist’s fall is based upon the tragic structure . The structure of a tragedy consists of the exposition, exciting force, hamartia, theRead MoreEssay on Shakespeares Macbeth is a Tragic Hero956 Words   |  4 PagesMacbeth is a Tragic Hero  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚        Ã‚  Ã‚   Shakespeares tragic hero is a man of noble birth who falls from a position of honor and respect due to a flaw in his character. He freely chooses a course of action which ultimately causes him suffering and brings him to a fatal end.(Campbell 129) Macbeth is the epitome of a tragic hero who rises high then falls rock bottom to his death. Macbeth, once a noble man, follows the advice of witches, finds himself King, abuses his power and then gets killedRead MoreEssay on Definitions of a Tragedy: Shakespeares and Aristotles1182 Words   |  5 PagesIn writing a tragedy, there are certain standards and guidelines to which an author or playwright must follow. One such standard is the Aristotelian definition of tragedy and the tragic hero. William Shakespeare’s The Tragedy of Macbeth is a perfect mold of an Aristotelian Tragedy. It displays all eight aspects of Aristotle’s definition of tragedy. It is set mainly in Scotland, but briefly in England during the ele venth century. It illuminates the ideal plot, in which the action of the story, orRead MoreMacbeth Character Analysis953 Words   |  4 Pagescan affect you in the long run and can easily contribute to a downfall. Macbeth was fully aware of the choices he made with the inhumane torture and disrespect he had on the citizens of Scotland. Being a tragic hero is when one experiences an immense tragedy which leads to a downfall, but Macbeth never had a tragedy because his death originated from the choices he made and reactions he had while he had authority as king. Macbeth being selfish and only caring about himself creates an undeserving and

Wednesday, May 6, 2020

Types of Fallacies Free Essays

FALLACIES OF RELEVANCE 1. Appeal to Force If you suppose that terrorizing your opponent is giving him a reason for believing that you are correct, then you are using a scare tactic and reasoning fallaciously. Example: David: My father owns the department store that gives your newspaper fifteen percent of all its advertising revenue, so I’m sure you won’t want to publish any story of my arrest for spray painting the college. We will write a custom essay sample on Types of Fallacies or any similar topic only for you Order Now Newspaper editor: Yes, David, I see your point. The story really isn’t newsworthy. David has given the editor a financial reason not to publish, but he has not given a relevant reason why the story is not newsworthy. David’s tactics are scaring the editor, but it’s the editor who commits the scare tactic fallacy, not David. David has merely used a scare tactic. This fallacy’s name emphasizes the cause of the fallacy rather than the error itself. 2. Appeal to Pity You commit the fallacy of appeal to emotions when someone’s appeal to you to accept their claim is accepted merely because the appeal arouses your feelings of anger, fear, grief, love, outrage, pity, pride, sexuality, sympathy, relief, and so forth. Example of appeal to relief from grief: [The speaker knows he is talking to an aggrieved person whose house is worth much more than $100,000. ] You had a great job and didn’t deserve to lose it. I wish I could help somehow. I do have one idea. Now your family needs financial security even more. You need cash. I can help you. Here is a check for $100,000. Just sign this standard sales agreement, and we can skip the realtors and all the headaches they would create at this critical time in your life. There is nothing wrong with using emotions when you argue, but it’s a mistake to use emotions as the key premises or as tools to downplay relevant information. Regarding the fallacy of  appeal to pity, it is proper to pity people who have had misfortunes, but if as the person’s history instructor you accept Max’s claim that he earned an A on the history quiz because he broke his wrist while playing in your college’s last basketball game, then you’ve committed the fallacy of  appeal to pity. *Appeal to Snobbery 3. Ad Hominem You commit this fallacy if you make an irrelevant attack on the arguer and suggest that this attack undermines the argument itself. It is a form of the  Genetic Fallacy. Example: What she says about Johannes Kepler’s astronomy of the 1600? s must be just so much garbage. Do you realize she’s only fourteen years old? This attack may undermine the arguer’s credibility as a scientific authority, but it does not undermine her reasoning. That reasoning should stand or fall on the scientific evidence, not on the arguer’s age or anything else about her personally. If the fallacious reasoner points out irrelevant circumstances that the reasoner is in, the fallacy is a circumstantial ad hominem. Tu Quoque  and  Two Wrongs Make a Right  are other types of the ad hominem fallacy. The major difficulty with labeling a piece of reasoning as an ad hominem fallacy is deciding whether the personal attack is relevant. For example, attacks on a person for their actually immoral sexual conduct are irrelevant to the quality of their mathematical reasoning, but they are relevant to arguments promoting the person for a leadership position in the church. Unfortunately, many attacks are not so easy to classify, such as an attack pointing out that the candidate for church leadership, while in the tenth grade, intentionally tripped a fellow student and broke his collar bone. *Ad Hominem Circumstantial Guilt by association is a version of the  ad hominem  fallacy in which a person is said to be guilty of error because of the group he or she associates with. The fallacy occurs when we unfairly try to change the issue to be about the speaker’s circumstances rather than about the speaker’s actual argument. Also called â€Å"Ad Hominem, Circumstantial. Example: Secretary of State Dean Acheson is too soft on communism, as you can see by his inviting so many fuzzy-headed liberals to his White House cocktail parties. Has any evidence been presented here that Acheson’s actions are inappropriate in regards to communism? This sort of reasoning is an example of McCarthyism, the technique of smearing liberal Democrats that was so effectively used by the late Senator Joe McCarthy in the early 1950s. In fact, Acheson was strongly anti-communist and the architect of President Truman’s firm policy of containing Soviet power. 4. Appeal to the People If you suggest too strongly that someone’s claim or argument is correct simply because it’s what most everyone believes, then you’ve committed the fallacy of appeal to the people. Similarly, if you suggest too strongly that someone’s claim or argument is mistaken simply because it’s not what most everyone believes, then you’ve also committed the fallacy. Agreement with popular opinion is not necessarily a reliable sign of truth, and deviation from popular opinion is not necessarily a reliable sign of error, but if you assume it is and do so with enthusiasm, then you’re guilty of committing this fallacy. It is essentially the same as the fallacies of ad numerum, appeal to the gallery, appeal to the masses, argument from popularity, argumentum ad populum, common practice, mob appeal, past practice, peer pressure, traditional wisdom. The â€Å"too strongly† mentioned above is important in the description of the fallacy because what most everyone believes is, for that reason, somewhat likely to be true, all things considered. However, the fallacy occurs when this degree of support is overestimated. Example: You should turn to channel 6. It’s the most watched channel this year. This is fallacious because of its implicitly accepting the questionable premise that the most watched channel this year is, for that reason alone, the best channel for you. If you stress the idea of appealing to a  new  idea of the gallery, masses, mob, peers, people, and so forth, then it is a bandwagon fallacy. *Bandwagon If you suggest that someone’s claim is correct simply because it’s what most everyone is coming to believe, then you’re committing the bandwagon fallacy. Get up here with us on the wagon where the band is playing, and go where we go, and don’t think too much about the reasons. The Latin term for this fallacy of appeal to novelty is Argumentum ad Novitatem. Example: [Advertisement] More and more people are buying sports utility vehicles. Isn’t it time you bought one, too? [You commit the fallacy if you buy the vehicle solely because of this advertisement. ] Like its close cousin, the fallacy of appeal to the people, the bandwagon fallacy needs to be carefully distinguished from properly defending a claim by pointing out that many people have studied the claim and have come to a reasoned conclusion that it is correct. What most everyone believes is likely to be true, all things considered, and if one defends a claim on those grounds, this is not a fallacious inference. What is fallacious is to be swept up by the excitement of a new idea or new fad and to unquestionably give it too high a degree of your belief solely on the grounds of its new popularity, perhaps thinking simply that ‘new is better. ’ The key ingredient that is missing from a bandwagon fallacy is knowledge that an item is popular because of its high quality. Appeal to Past People (â€Å"You too†) 5. Accident We often arrive at a generalization but don’t or can’t list all the exceptions. When we reason with the generalization as if it has no exceptions, we commit the fallacy of accident. This fallacy is sometimes called the â€Å"fallacy of sweeping generalization. † Example: People should keep their promises, right? I loaned Dwayne my knife, and he said he’d return it. Now he is refusi ng to give it back, but I need it right now to slash up my neighbors who disrespected me. People should keep their promises, but there are exceptions to this generaliztion as in this case of the psychopath who wants Dwayne to keep his promise to return the knife. 6. Straw Man You commit the straw man fallacy whenever you attribute an easily refuted position to your opponent, one that the opponent wouldn’t endorse, and then proceed to attack the easily refuted position (the straw man) believing you have undermined the opponent’s actual position. If the misrepresentation is on purpose, then the straw man fallacy is caused by lying. Example (a debate before the city council): Opponent: Because of the killing and suffering of Indians that followed Columbus’s discovery of America, the City of Berkeley should declare that Columbus Day will no longer be observed in our city. Speaker: This is ridiculous, fellow members of the city council. It’s not true that everybody who ever came to America from another country somehow oppressed the Indians. I say we should continue to observe Columbus Day, and vote down this resolution that will make the City of Berkeley the laughing stock of the nation. The speaker has twisted what his opponent said; the opponent never said, nor even indirectly suggested, that everybody who ever came to America from another country somehow oppressed the Indians. The critical thinker will respond to the fallacy by saying, â€Å"Let’s get back to the original issue of whether we have a good reason to discontinue observing Columbus Day. † 7. Missing the Point The conclusion that is drawn is irrelevant to the premises; it misses the point. Example: In court, Thompson testifies that the defendant is a honorable person, who wouldn’t harm a flea. The defense attorney commits the fallacy by rising to say that Thompson’s testimony shows once again that his client was not near the murder scene. The testimony of Thompson may be relevant to a request for leniency, but it is irrelevant to any claim about the defendant not being near the murder scene. 8. Red Herring A red herring is a smelly fish that would distract even a bloodhound. It is also a digression that leads the reasoner off the track of considering only relevant information. Example: Will the new tax in Senate Bill 47 unfairly hurt business? One of the provisions of the bill is that the tax is higher for large employers (fifty or more employees) as opposed to small employers (six to forty-nine employees). To decide on the fairness of the bill, we must first determine whether employees who work for large employers have better working conditions than employees who work for small employers. Bringing up the issue of working conditions is the red herring. FALLACIES OF PRESUMPTION 9. Begging the Question A form of  circular reasoning  in which a conclusion is derived from premises that presuppose the conclusion. Normally, the point of good reasoning is to start out at one place and end up somewhere new, namely having reached the goal of increasing the degree of reasonable belief in the conclusion. The point is to make progress, but in cases of begging the question there is no progress. Example: â€Å"Women have rights,† said the Bullfighters Association president. â€Å"But women shouldn’t fight bulls because a bullfighter is and should be a man. † The president is saying basically that women shouldn’t fight bulls because women shouldn’t fight bulls. This reasoning isn’t making any progress. Insofar as the conclusion of a deductively valid argument is â€Å"contained† in the premises from which it is deduced, this containing might seem to be a case of presupposing, and thus any deductively valid argument might seem to be begging the question. It is still an open question among logicians as to why some deductively valid arguments are considered to be begging the question and others are not. Some logicians suggest that, in informal reasoning with a deductively valid argument, if the conclusion is psychologically new insofar as the premises are concerned, then the argument isn’t an example of the fallacy. Other logicians suggest that we need to look instead to surrounding circumstances, not to the psychology of the reasoner, in order to assess the quality of the argument. For example, we need to look to the reasons that the reasoner used to accept the premises. Was the premise justified on the basis of accepting the conclusion? A third group of logicians say that, in deciding whether the fallacy is committed, we need more. We must determine whether any premise that is key to deducing the conclusion is adopted rather blindly or instead is a reasonable assumption made by someone accepting their burden of proof. The premise would here be termed reasonable if the arguer could defend it independently of accepting the conclusion that is at issue. 10. Complex Question You commit this fallacy when you frame a question so that some controversial presupposition is made by the wording of the question. Example: [Reporter’s question] Mr. President: Are you going to continue your policy of wasting taxpayer’s money on missile defense? The question unfairly presumes the controversial claim that the policy really is a waste of money. The fallacy of complex question is a form of begging the question. 11. False Dichotomy A reasoner who unfairly presents too few choices and then implies that a choice must be made among this short menu of choices commits the false dilemma fallacy, as does the person who accepts this faulty reasoning. Example: I want to go to Scotland from London. I overheard McTaggart say there are two roads to Scotland from London: the high road and the low road. I expect the high road would be too risky because it’s through the hills and that means dangerous curves. But it’s raining now, so both roads are probably slippery. I don’t like either choice, but I guess I should take the low road and be safer. This would be fine reasoning is you were limited to only two roads, but you’ve falsely gotten yourself into a dilemma with such reasoning. There are many other ways to get to Scotland. Don’t limit yourself to these two choices. You can take other roads, or go by boat or train or airplane. The fallacy is called the â€Å"False Dichotomy Fallacy† when the unfair menu contains only two choices. Think of the unpleasant choice between the two as being a charging bull. By demanding other choices beyond those on the unfairly limited menu, you thereby â€Å"go between the horns† of the dilemma, and are not gored. 12. Suppressed Evidence Intentionally failing to use information suspected of being relevant and significant is committing the fallacy of suppressed evidence. This fallacy usually occurs when the information counts against one’s own conclusion. Perhaps the arguer is not mentioning that experts have recently objected to one of his premises. The fallacy is a kind of fallacy of  Selective Attention. Example: Buying the Cray Mac 11 computer for our company was the right thing to do. It meets our company’s needs; it runs the programs we want it to run; it will be delivered quickly; and it costs much less than what we had budgeted. This appears to be a good argument, but you’d change your assessment of the argument if you learned the speaker has intentionally suppressed the relevant evidence that the company’s Cray Mac 11 was purchased from his brother-in-law at a 30 percent higher price than it could have been purchased elsewhere, and if you learned that a recent unbiased analysis of ten comparable computers placed the Cray Mac 11 near the bottom of the list. FALLACIES OF WEAK INDUCTION 13. Appeal to Ignorance The fallacy of appeal to ignorance comes in two forms: (1) Not knowing that a certain statement is true is taken to be a proof that it is false. 2) Not knowing that a statement is false is taken to be a proof that it is true. The fallacy occurs in cases where absence of evidence is not good enough evidence of absence. The fallacy uses an unjustified attempt to shift the burden of proof. The fallacy is also called â€Å"Argument from Ignorance. † Example: Nobody has ever proved to me there’s a God, so I know there is no God. This kind of reasoning is generally fallacious. It would be proper reasoning only if the proof attempts were quite thorough, and it were the case that if God did exist, then there would be a discoverable proof of this. Another common example of the fallacy involves ignorance of a future event: People have been complaining about the danger of Xs ever since they were invented, but there’s never been any big problem with them, so there’s nothing to worry about. 14. Appeal to Unqualified Authority You appeal to authority if you back up your reasoning by saying that it is supported by what some authority says on the subject. Most reasoning of this kind is not fallacious, and much of our knowledge properly comes from listening to authorities. However, appealing to authority as a reason to believe something  is  fallacious whenever the authority appealed to is not really an authority in this particular subject, when the authority cannot be trusted to tell the truth, when authorities disagree on this subject (except for the occasional lone wolf), when the reasoner misquotes the authority, and so forth. Although spotting a fallacious appeal to authority often requires some background knowledge about the subject or the authority, in brief it can be said that it is fallacious to accept the words of a supposed authority when we should be suspicious of the authority’s words. Example: The moon is covered with dust because the president of our neighborhood association said so. This is a fallacious appeal to authority because, although the president is an authority on many neighborhood matters, you are given no reason to believe the president is an authority on the composition of the moon. It would be better to appeal to some astronomer or geologist. A TV commercial that gives you a testimonial from a famous film star who wears a Wilson watch and that suggests you, too, should wear that brand of watch is committing a fallacious appeal to authority. The film star is an authority on how to act, not on which watch is best for you. 15. Hasty Generalization A hasty generalization is a fallacy of  jumping to conclusions  in which the conclusion is a generalization. See also  Biased Statistics. Example: I’ve met two people in Nicaragua so far, and they were both nice to me. So, all people I will meet in Nicaragua will be nice to me. In any hasty generalization the key error is to overestimate the strength of an argument that is based on too small a sample for the implied confidence level or error margin. In this argument about Nicaragua, using the word â€Å"all† in the conclusion implies zero error margin. With zero error margin you’d need to sample every single person in Nicaragua, not just two people. 16. False Cause Improperly concluding that one thing is a cause of another. The Fallacy of Non Causa Pro Causa is another name for this fallacy. Its four principal kinds are the  Post Hoc Fallacy, the Fallacy of  Cum Hoc, Ergo Propter Hoc,  the  Regression  Fallacy, and the Fallacy of  Reversing Causation. Example: My psychic adviser says to expect bad things when Mars is aligned with Jupiter. Tomorrow Mars will be aligned with Jupiter. So, if a dog were to bite me tomorrow, it would be because of the alignment of Mars with Jupiter. 17. Slippery Slope Suppose someone claims that a first step (in a chain of causes and effects, or a chain of reasoning) will probably lead to a second step that in turn will probably lead to another step and so on until a final step ends in trouble. If the likelihood of the trouble occurring is exaggerated, the slippery slope fallacy is committed. Example: Mom: Those look like bags under your eyes. Are you getting enough sleep? Jeff: I had a test and stayed up late studying. Mom: You didn’t take any drugs, did you? Jeff: Just caffeine in my coffee, like I always do. Mom: Jeff! You know what happens when people take drugs! Pretty soon the caffeine won’t be strong enough. Then you will take something stronger, maybe someone’s diet pill. Then, something even stronger. Eventually, you will be doing cocaine. Then you will be a crack addict! So, don’t drink that coffee. The form of a slippery slope fallacy looks like this: A leads to B. B leads to C. C leads to D. †¦ Z leads to HELL. We don’t want to go to HELL. So, don’t take that first step A. 18. Weak Analogy The problem is that the items in the analogy are too dissimilar. When reasoning by analogy, the fallacy occurs when the analogy is irrelevant or very weak or when there is a more relevant disanalogy. See also  Faulty Comparison. Example: The book  Investing for Dummies  really helped me understand my finances better. The bookChess for Dummies  was written by the same author, was published by the same press, and costs about the same amount. So, this chess book would probably help me understand my finances, too. FALLACIES OF AMBIGUITY 19. Accent The accent fallacy is a fallacy of ambiguity due to the different ways a word is emphasized or accented. Example: A member of Congress is asked by a reporter if she is in favor of the President’s new missile defense system, and she responds, â€Å"I’m in favor of a missile defense system that effectively defends America. † With an emphasis on the word â€Å"favor,† her response is likely to  favor  the President’s missile defense system. With an emphasis, instead, on the words â€Å"effectively defends,† her remark is likely to be  againstthe President’s missile defense system. And by using neither emphasis, she can later claim that her response was on either side of the issue. Aristotle’s version of the fallacy of accent allowed only a shift in which syllable is accented within a word. 20. Amphiboly This is an error due to taking a grammatically ambiguous phrase in two different ways during the reasoning. Example: In a cartoon, two elephants are driving their car down the road in India. They say, â€Å"We’d better not get out here,† as they pass a sign saying: ELEPHANTS PLEASE STAY IN YOUR CAR Upon one interpretation of the grammar, the pronoun â€Å"YOUR† refers to the elephants in the car, but on another it refers to those humans who are driving cars in the vicinity. Unlike  equivocation, which is due to multiple meanings of a phrase, amphiboly is due to syntactic ambiguity, ambiguity caused by multiple ways of understanding the grammar of the phrase. 21. Equivocation Equivocation is the illegitimate switching of the meaning of a term during the reasoning. Example: Brad is a nobody, but since nobody is perfect, Brad must be perfect, too. The term â€Å"nobody† changes its meaning without warning in the passage. So does the term â€Å"political jokes† in this joke: I don’t approve of political jokes. I’ve seen too many of them get elected. FALLACIES OF GRAMMATICAL ANALOGY 22. Composition The composition fallacy occurs when someone mistakenly assumes that a characteristic of some or all the individuals in a group is also a characteristic of the group itself, the group â€Å"composed† of those members. It is the converse of the  division  fallacy. Example: Each human cell is very lightweight, so a human being composed of cells is also very lightweight. 23. Division Merely because a group as a whole has a characteristic, it often doesn’t follow that individuals in the group have that characteristic. If you suppose that it does follow, when it doesn’t, you commit the fallacy of division. It is the converse of the  composition  fallacy. Example: Joshua’s soccer team is the best in the division because it had an undefeated season and shared the division title, so Joshua, who is their goalie, must be the best goalie in the division. 24. Figure of Speech or Parallel-word Construction A fallacy characterized by ambiguities due to the fact that different words in Greek (and in Latin) may have different cases or genders even though the case endings or gender endings are the same. Since this is not widespread in other languages or since it coincides with other fallacies (e. g. quivocation, see above) writers tend to interpret it very broadly. Examples: â€Å"Activists have been labeled as idealists, sadists, anarchists, communists, and just about any name that can come to mind ending in  -ist, like  samok-ist, saba-ist, bad-ist,  and of course, who could forgetdevil-ist? † (The writer has the unsaid argument that any name ending in  -ist  is viewe d as â€Å"trouble-makers† by our society. ) An introductory book on philosophy has an appendix entitle â€Å"List of Isms† the proceeds to list the schools of thought in philosophy. (Not all words that end in  -ism  is a school of thought: take for example,  syllogism. ) How to cite Types of Fallacies, Essay examples

Sunday, May 3, 2020

Research on Lego’s Foreign Market Strategy †

Question: Discuss about the Research on Legos Foreign Market Strategy. Answer: Lego Company or the Lego Group, owned by a Danish family is based in Billund, Denmark. Ole Kirk Christiansen founded the company and is best known for the manufacture of Lego-brand toys consisting mostly of interlocking plastic bricks and it operates several retail stores and amusement parks. The initial strategy of LEGO was to provide packing facilities and being responsive to the arrival of demands for orders. LEGO aimed to improve the production and packing facilities continuously. It was only due to the companys effective setup that they managed to supply orders to others (Andersen, Kragh and Lettl 2013). The organisational structure of the company required heavy scrutiny of internal consultants consisting of logistic managers, financial managers as well as marketing employees (Antorini, Muiz and Askildsen 2012). The strategy of the company received a major change after the entry of Knudstorp. The company aims to make a global impact and allows the management of businesses according follow the principles aimed at creating value to the stakeholders ( Moreover, LEGO is a subscriber to the United Nations Global Compact since 2003. The staffing policy of LEGO consists of appointing candidates who can succinctly answer the queries of the customers and understand the detailed description of their orders. The staffs are hired based on their ability to meet the requirements and the necessary job skills. Therefore, potential employee testing and social skills are also tested (Feloni 2014). Being continually focussed on driving growth, the company even manufactures Childrens wear, movie concepts, books and TV ideas are even incorporated. The innovative ideas has helped it gain extensive sales margins and the demands rates catapulted to huge heights that the company contemplated lowering of its sales ( 2016). The companys production is pre-occupied in the core market and detailed focus is made on innovative product development which has led to a massive success lately. The areas of production being close to the core markets topographically, helped the company respond to the demand from consumers and customers alike. The subsidiaries of LEGO performed exceedingly well thus helping Legos growth. The companys expectations for robust growth were met in more than ten successive years (Schlagwein and Bjrn-Andersen 2014). The LEGO Group has an organisational complexity which is flat and has a divisional configuration. The tasks and their appointments were divided into various groups reporting to the top managers in the respective divisions or teams. The company aims to maintain its position as a top company and hence adopts the Defender mentality. The key developments that led LEGO towards its dominance in the global market include the cutting of costs. This has given the company importance to the educational toy image, from an effective strategy to increase sales. LEGO focussed on toys, not only to concentrate on the learning aspect but also on the recreational value. The company has always evolved its policies according to the needs of children all around the world (Antorini, Muiz Jr and Askildsen 2012). Several marketing strategies has reported for its success. These include long term business planning, strategic partnerships and joint ventures, the organic growth through the development of new products (LEGO 2013). Other areas that the company focuses are market segmentation, positioning and targeting policy while scaling the emerging market growth (Frick, Tardini and Cantoni, 2014). It can be recommended that the customers should be more involved with the company and help promote brand loyalty. It should also engage staff to make the company more socially active. Thus, it can be concluded that the story of LEGO is extremely inspiring for the competitors as well as other companies who are striving for global recognition and enhancing their importance across the globe. References: Andersen, P.H., Kragh, H. and Lettl, C., 2013. Spanning organizational boundaries to manage creative processes: The case of the LEGO group.Industrial Marketing Management,42(1), pp.125-134. Antorini, Y.M., Muiz Jr, A.M. and Askildsen, T., 2012. Collaborating with customer communities: Lessons from the LEGO Group.MIT Sloan Management Review,53(3), p.73. (2017).Euromonitor International. [online] Available at: https://http//: [Accessed 31 Jul. 2017]. Feloni, R., 2014, How Lego Came Back From the Brink of Bankruptcy [online] Available at: [ACCESSED 24 July 2017] Frick, E.L.I.S.A.B.E.T.T.A., Tardini, S.T.E.F.A.N.O. and Cantoni, L.O.R.E.N.Z.O., 2014. LEGO SERIOUS PLAY applications to enhance creativity in participatory design.Creativity in Business. Research Papers on Knowledge, Innovation and Enterprise,2, pp.200-210. LEGO 2013, OUR MISSION: TO INSPIRE AND DEVELP THE BUILDERS OF TOMORROW. [Online] Available at: [Accessed 25 July 2017] LEGO SERIOUS PLAY applications to enhance creativity in participatory design.Creativity in Business. Research Papers on Knowledge, Innovation and Enterprise,2, pp.200-210., 2016. COMPANY PROFILE The LEGO Group Available at[Accessed 25 July 2017] Schlagwein, D. and Bjrn-Andersen, N., 2014. Organizational learning with crowdsourcing: The revelatory case of LEGO.Journal of the Association for Information Systems,15(11), p.754.

Thursday, March 26, 2020

Pepsi and Coke Competition

Porter’s five forces The degree of rivalry in the carbonated soft industry is highlighted by two major brands: Pepsi and Coke. These two companies account for 72% of market share while the rest of the market is covered by other organizations such as Dr. Pepper, Snapple Group and Cott Corporation.Advertising We will write a custom case study sample on Pepsi and Coke Competition specifically for you for only $16.05 $11/page Learn More Some private label products also contribute a small portion to the sales in this industry. Pepsi has eroded Coke’s market share in the past through low prices and aggressive promotion efforts. In the 60s and 70s, Pepsi marketed itself as being the preferred brand, which caused a substantial reduction in Coke’s market share. Coke on the other hand has altered its product contents and prompted Pepsi to do so as well. In terms of substitution as a Porter’s-five force, Coke and Pepsi have to deal with numerous substitutes for carbonated drinks. Some of them may include bottled water, juice, tap water, powdered drinks, milk, beer, spirits, sports drinks and coffee. In the past, these substitutes were not a threat because consumers stayed loyal to Pepsi and Coke. However, the substitutes are a strong factor in the industry because of health and environmental consumers. Pepsi and Coke have responded to the threat of substitutes by producing those products themselves. The firms have ventured into juice, bottled water and coffee over the past few years.Advertising Looking for case study on business economics? Let's see if we can help you! Get your first paper with 15% OFF Learn More Pepsi and Coke’s main buyers are bottlers, who purchase concentrate and package it in plastic or canned containers. The bottlers do not have as much power as the concentrate makers because they cannot negotiate concentrate prices. Coke has a contract that establishes maximum prices fo r its concentrate while Pepsi determines prices on the basis of the consumer price index. It often exceeds market rates and thus has the final say. Furthermore, because Coke and Pepsi give bottlers exclusive territorial rights, then bottlers cannot diversify their portfolio by selling products from competing brands. Their buyers are restricted to their either Coke or Pepsi. One of the most significant barriers to entry in the carbonated soft industry is trademark domination. Coke and Pepsi have invested substantial amounts in development of their trademarks through intense advertising, bottler support, and product development. New companies do not have the capital or ability to match such strategies. Negotiations made between the two major carbonated soft drink makers (Pepsi and Coke) and national retailers like Wal-Mart ensure that these firms dominate shelf space. New players may find it difficult to penetrate into such airtight deals. The main suppliers in the carbonated industry are high fructose corn syrup manufacturers, food coloring industrialists, citric acid producers, caffeine makers and flavor manufacturers. The citric acid or the food coloring industry has several small players who make it difficult for them to exert influence on large buyers like Coke and Pepsi. Therefore, supplier power is relatively weak in the soft drink industry.Advertising We will write a custom case study sample on Pepsi and Coke Competition specifically for you for only $16.05 $11/page Learn More Responses How Coke and Pepsi compete The two companies initially competed as friendly rivals (between 1970 and the mid 1990s). Pepsi prompted Coke to avoid complacency and continually improve its business efforts. Likewise, Coke caused Pepsi to become more innovative and thus successful. This level of friendliness was permissible because both companies enjoyed increasing profits. However, that competiveness lost its agreeableness when both firms lost m arket share among the carbonated soft drink consumers. In the 1970s, Coke altered its marketing strategies in response to the efforts made by Pepsi. It changed concentrate pricing and advertising strategies when Pepsi claimed to offer a superior cola to theirs. Pepsi on the other raised the prices of its concentrate shortly after Coke did. Therefore, these companies compete through alteration of products, supply chain and distributional management and changes in marketing. Product differentiations In terms of carbonated drinks, Coke’s main product was its cola brand, but it has several other flavors such as Sprite, Fanta, Diet Coke and Tab. Similarly, Pepsi also started with the cola version then introduced other flavors such as Diet Pepsi, Teem, and Mountain Dew. Both companies also diversified into non-carbonated drinks such as Minute Maid, Belmont Water and Duncan Foods for Coke and Lipton and Gatorade for Pepsi. Both firms have also introduced a number of diet products su ch as Diet Coke and Diet Pepsi. In the past decade, Pepsi and Coke have entered into the bottled water market. Regardless of large investments in various soft drink and non carbonated industries, the most successful products are still the initial ones. Pepsi Cola and Coca Cola are still the most profitable products for both organizations.Advertising Looking for case study on business economics? Let's see if we can help you! Get your first paper with 15% OFF Learn More The move into unconventional drinks was driven by changes in market trends as well as pressure from the US government. Channels used by Pepsi and Coke Both companies have a distribution channel that consists of bottlers and retail channels. However, the organization of these channels differs substantially in both companies. Pepsi has a preference for retail outlets while Coke has sold its products through fountain sales (dominates 69% of this market). Nonetheless, both firms have competed for fountain sales by acquiring restaurant franchises. Coke worked hand in hand with McDonalds and Burger King while Pepsi purchased KFC, Pizza Hut and Taco Bell. Both organizations purchased fountain equipment for these restaurants, as well. Pepsi and Coke also utilize the vending channel for distribution and have both done relatively well here. Bottlers are also a crucial part of the distribution channel for both companies. At Pepsi, deals with bottlers are more flexible, especially in terms of p ricing. Coke tends to exert greater control over prices by charging flat prices for concentrate. These organizations have retained control over their bottling networks through consolidation. Coke started by created a bottling subsidiary in 1986 that would purchase ailing bottling franchises and revive them. Currently about three quarter of Coke’s bottling is handling by this subsidiary. Similarly, Pepsi also started bottling consolidation by purchasing most of its bottlers like MEI Bottling and General Cinema. Now, 56% of Pepsi’s bottling is done internally. Why the soft drink industry has been so profitable and whether it is changing Profitability stemmed from a number of factors. First, the distributional arrangements were made in a way that favored concentrate makers. They had control over concentrate pricing, location of bottlers as well as advertising and promotion. Pepsi and Coke were also successful because at the time, carbonated drinks were a favorite for most North Americans. Few of them had objections with the product content and there were minimal alternatives in the market. Profitability has reduced dramatically in the soft drink industry. This stems from health concerns. Numerous consumers feel that high fructose corn syrup is detrimental to their health. Government programs are designed to punish soft drink makers through excessive taxation. These charges stem from initiatives aimed at fighting obesity. Furthermore, traditional institutions, such as high schools, that sold most of Coke and Pepsi’s vending machines have banned them. Now the organizations have minimum distributional avenues for their products. Both firms have also ventured into non carbonated drinks such as bottled water and juices. These new ventures do not elicit as much brand loyalty as carbonated drinks. Therefore, the companies dedicated a substantial share of their resources to these new products, yet they did not enjoy anticipated returns. Non profitabi lity of products other than soft drinks affects the success of soft drinks because little capital is left to invest in them. Non profitability has also emerged from the poor management of international business. Some countries impose excessive foreign exchange controls, unfavorable trade regulations and advertizing restrictions. How Coke and Pepsi can stay profitable The major cause of concern among both organizations is the health campaign against soft drinks. Pepsi and Coke ought to identify the sources of high sugar content in its products and then work on developing alternatives. However, the companies should still maintain the taste that made those products so likeable initially. Pepsi is already doing this through its Pepsi Throwback brand and Mountain Dew Throwback brand. Now the company ought to go back to the public and inform them about the changes it has made to these products. Coke has also initiated its own changes through the use of a stevia-based additive. Aggressive marketing campaigns should be done to win back traditional clients such as school institutions. Both organizations have already realized that non-carbs have a lot of growth potential. This can be seen by their acquisition of energy drink companies as well as vitamin water firms. The two organizations now need to build their brands around these sectors by following the same strategies that they employed to make their carbonated drinks so popular. Consumers need to recognize the zero-carbs products in the same way that they recognized the other ones in the past. Although diversifying into other products is a plausible idea, these organizations should not focus on bottled water. There is minimal room for differentiation in the bottled-water industry as the product is quite basic. In fact, low differentiation explains why consumer loyalty for Coke and Pepsi’s water declined sharply over the past few years. Consumers tend to buy the least expensive brand if a product is not highly differentiated. Pepsi and Coke should also deal with some of the environmental concerns that customers have about their products. They need to place their products in biodegradable packages. Product development experts should also anticipate consumer complaints through market research and respond to demand before the external environment forces them to do so. The two companies need to refine their international expansion strategies. These organizations need to rethink their bottling strategies in global markets. Most North American bottling is directly handled by the company’s bottling subsidiary, and this has given the company reasonable control over its product. The same model should be replicated in different international markets. This would mean that the company will not lose any of its profits to third parties who keep demanding for new things. The company should start with developed nations and then transfer consolidation to developing ones. This case study on Pepsi and Coke Competition was written and submitted by user Lesly Q. to help you with your own studies. You are free to use it for research and reference purposes in order to write your own paper; however, you must cite it accordingly. You can donate your paper here.

Friday, March 6, 2020

Golden Age of Piracy Essays

Golden Age of Piracy Essays Golden Age of Piracy Paper Golden Age of Piracy Paper 2006), 604 [vii] Ibid, 606 [viii] Peter Leeson, The Invisible Hook: The Hidden Economics of Pirates Princeton: Princeton University Press, 2009), 6 [ix] Ibid, 19 [x] Ibid, 23-24 [xi] Ibid, 19 [xii] Ibid, 30 [xiii] Ibid, 34-36 [xiv] Konstam, Piracy, 188 [xv] Konstam, Blackbeard, 534 [xvi] Ibid, 490 [xvii] Konstam, Piracy, 154-157 [xviii] Daniel Defoe, A General History of Pyrates (Mineola: Dover Publications 1724), 71 [xix] â€Å"Captures off Charlestown bar† Boston News-Letter, 24 October 1717 [xx] Defoe, General History of Pyrates, 71 [xxi] Ibid, 72 [xxii] Konstam, Piracy, 190 [xxiii] Defoe, General History of Pyrates, 74 [xxiv] Konstam, Blackbeard, 2,392-2,395 [xxv] Ibid, 2,400 xxvi] Rankin, Pirates of Coastal North Carolina, 51 [xxvii] Ibid [xxviii] Konstam, Blackbeard, 2,421 [xxix] Rankin, Pirates of North Carolina, 51 [xxx] Konstam, Blackbeard, 2,428 [xxxi] Rankin, Pirates of North Carolina, 52 [xxxii] Konstam, Bl ackbeard, 2,486-2,520 [xxxiii] Rankin, Pirates of North Carolina, 54 [xxxiv] Ibid, 53 [xxxv] Ibid [xxxvi] Defoe, General History of Pyrates, 80 [xxxvii] Rankin, Pirates of North Carolina, 54 [xxxviii] Defoe, General History of Pyrates, 81 [xxxix] Rankin, Pirates of North Carolina, 54 [xl] Defoe, General History of Pyrates, 82

Wednesday, February 19, 2020

Proposed European Union Financial Transaction Tax Essay

Proposed European Union Financial Transaction Tax - Essay Example The general population and normal business ventures were to remain unaffected (Vella, Fuest and Tim, 2011). The proposed tax was to be separate from normal bank charge that some regional administrations are in the process of levying on monetary institutions to help in shielding them from the fees of any potential bailouts. Research has revealed that the tax has the potential of gathering about 58 billion Euros per year. However, the member states of the European Union are still undecided on whether to agree to the proposal (Beck, 2011:73). Great Britain is one of the states that are vehemently opposing the discharge of the FTT. The England admin has highlighted numerous reasons sustaining their negative stand on the concern. This figure represented about 37% of the total overseas exchange appeal in the world. In London, the dollar trade is two times as big as in America. In addition, the Euro trade in the city is over twice the amount traded in the whole EU region (Benton 2003:54). T he United Kingdom’s fiscal services sector is the leading industry in England, having overtaken the production sector in the 1990s. Evidence of this presents itself in the fact that, in the 2009/2010 financial year, the British government raked in 53.4 billion pounds in tax proceeds from the industry. This amount amounted to 11% of the total collection in the country. This amount is significantly larger than the sum of the country’s annual military budget, and is nearly equivalent to the country’s education budget allocation (Stevis, 2012). The county’s monetary services sector represents about 28% of the country’s entire sum of service-related exports, with the banks leading the charge. Due to its status as the biggest financial force, in consideration with all other European Union members, the country stands to be the biggest loser from the introduction of the FTT tax law (Bijlisma, 2011:485). According to the United Kingdom administration, the i mposing of the FTT tax law will greatly affect the overall country’s interest, including destabilizing the economy, and influencing the growth of volatility rates in its markets. In addition, the tax will not bring in any substantial returns. The country has presented to the European Union filed reports detailing the numerous potential damages and adverse effects that the law, if made operational, would inflict on it (The Telegraph, 2012). The government is afraid that the law will discourage derivative trade, increase trading-center volatility, and drastically lessen its markets’ liquidity ratios. In addition, they argue that the tax will lead to higher rates of unemployment, increase the tendency to evade tax among citizens, and greatly deplete the current amount of available tax proceeds (House of Lords.). Research on the potential impacts of the proposed tax has shown that the tax will affect the long-term growth in the EU by 1.75 %. This percentage, when broken do wn, implies to a cost of about 25.55 billion pounds to the UK economy (Boyle, 2009:342). However, the figure is just an average, and analysts forecast that the total sum could be far much larger, considering the country’s uncommonly outsized fiscal sector. In addition, research on the matter reveals that the tax would influence a fall of derivative transactions amounting to about 90%. The country’