The inheritance tax is a tax that has never achieved to reach one of its main goals – reduce income inequality. Its effect nowadays on budgets of countries is negligible. Instead, the tax infringes individual rights to personal property and free will. We believe that the reasons to keep the tax present are not sufficient … Read more
Income disparity between the rich and poor, which harasses most government in the world, is getting bigger and bigger. According to an official report that in China 0.4% rich people get control of 70% of wealth. In the U.S. the top one fifth of the population possesses almost two thirds of social wealth. Looking at … Read more
Because it is not possible to enter counter points for this debate below, I am going to make a brief statement here. Tax cuts are not an independent variable that can effectively determine job growth or the general economic health of a market. Recessions, completely disconnected from tax rates to a large extent, have a … Read more
Should the government bailout banks and financial institutions? All the Yes points: The government holds significant responsibility for the credit crisis. Firstly, the US government d… Supporting the banks helps the rest of the economy. Financial institutions provide the loans that b… Banks collapsing also hurts individual citizens. Many pension plans and retirement savings have … Read more
The recently heated debate as to whether or not tuition fees for universities should be increased has lead to some vice-chancellors declaring that they want to increase charges to up to £20,000 whilst Malcolm Grant, chairman of the Russell Group which represents 20 of the top higher-education research establishments, described them as “barking mad”. Following … Read more
On 15th January the British government approved the construction of a third runway for Heathrow Airport, Europe’s busiest airport. Whilst the project still requires planning permission, it has become subject to a huge controversy particularly opposed by environmentalists. Through the expansion of Heathrow Airport is the environment being sacrificed to improve the economy? All the … Read more
