There is an obvious way to tackle this inequality. It is called an investment income surcharge. We had one in the UK for more than 20 years, but Margaret Thatcher got rid of it. It is time that we had one again, creating an additional 15% tax charge on income from wealth of more than £10,000 a year.
Finance
Tutor2u – Are There Winners and Losers of Globalization?
The excellent Marginal Revolution team have come up with this video exploring some of the benefits and drawbacks of globalisation. The Branko Milanovic “Elephant Curve” makes a notable appearance!
Economics
Steve Keen: Are Icebergs Fluffy?
Steve Keen discusses the nature of debt, why home prices will fall, and why the regulators and authorities are unable to disassemble the debt bomb.
Economics
Richard Murphy – Why the Stock Market is Rising even though that Should Appear to Make no Sense
One of the apparent oddities of the current crisis is the fact that stock exchanges have not fallen as far as might be expected. Richard Murphy is Professor of Practice in International Political Economy, City […]
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