This is an interesting idea, but rather complicated. Would it not be simpler to increase the minimum wage?
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EU politics
Owen Jones: Labour must be bolder – only a wealth tax can defeat inequality
Political parties will have to find the courage to start increasing taxes on excessive wealth – of private citizens and of corporations. That is a good start. What can follow is suggested here by Owen […]
Corruption
Prem Sikka: The ‘Big Four’ accounting firms should be broken up
Britain goes from one massive accounting scandal to the next. There are two parallels: The reports were egregiously wrong and the accounting firms earned loads of money for these reports. Read here
Economics
Ashoka Mody: The IMF keeps making the same mistakes with its economic forecasts
IMF’s ‘Groundhog Day’ thinking means it is still too upbeat about global growth Read here
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