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.
Economics
BBC Radio 4 – Das Kapital by Karl Marx Dramatised by Sarah Woods
What an interesting programme! Listen here
Climate Crisis
Steve Keen – A First Principles approach to Energy, Environment, and Money in Macroeconomics
This talk at the European Central Bank covers the failure of economic theorists of all persuasions, not only Neoclassical, to properly incorporate energy into their models of production, and the failure of Neoclassical economists to […]
Finance
Richard Murphy – Thoughts on the IMF and World Bank
Murphy believes there could well have been a sea change at the IMF and World Bank. It is however one thing to produce analyses and papers making the right noises, and the IMF arguing that […]
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