Ultimately one of the greatest sources of economic and social inequality in modern society is money passed from parents to children. I would therefore suggest that the state confiscates (or taxes if you prefer the term) all the money passed on by anybody born in the UK when they die. All the Yes points: Meritocracy … Read more
Over the past decade many countries in what we know as the ‘third world’ have borrowed huge sums of money from wealthier countries in times of strife. Do these debts now hanging like nooses around countries necks? Are they preventing economic expansion and ultimately wealthier populations? All the Yes points: The loans are preventing economic … Read more
It is time to scrap the entire system of income tax and move to a sales taxed system, the more you buy the more tax you pay. All the Yes points: Income Tax encourages illegal behaviour Indirect tax, such as VAT or sales tax, is fairer Indirect taxes allow us to modify public behaviour Income … Read more
Is the economic development of developing countries more important than protecting the environment? All the Yes points: Taking care of millions of people who are starving is more important than saving natural resources, … The industrialised world’s emphasis on green issues holds back developing countries. Because this i… Economic development is vital for meeting the … Read more
The US should abolish agricultural subsidies All the Yes points: Government intervention in the marketplace contradicts the values of free-trade advocated by the USA… Subsidies are expensive and represent a burden on the American citizen as taxpayer and consumer. Th… Subsidies cause poverty, both domestically and internationally by maintaining the prices of goods at… Subsidies … Read more
Should the World Bank be deemed a success or a failure? All the Yes points: The public infrastructure projects funded by the IBRD have consistently been recognized as unmitigat… The World Bank investment policy consolidates the position of the corrupt, inefficient and antidemoc… The loan strategy of the IBRD is inherently risky. Donor countries are … Read more
