Tax

This category contains 5 posts

Boris Johnson: Another four years as mayor and then Party leader?

Boris Johnson

Boris Johnson: What's in his head?

With a second term of London mayoralty looming for Boris Johnson, A.P. Schrader asks whether another four years as London Mayor is necessary to shed his buffoon image? And, with the shedding of the buffoon image, what are his prospects for party leadership?

What is Boris up to? It is a question I find myself pondering more and more of late as the Mayor of London continues to run foul of his Continue reading

Textbook Economics: Why you can’t get a job

VAT

The VAT harmed industry

Wondering how the government’s economic decisions make it hard for you to find a job. Terence White explains…

The answer is simple.

First, it is vital to remember what the biggest expenditure of every business is: wages. Second, it is also important to remember what business need to make money: products and customers. Thirdly, we must also take into account what businesses aim to do: raise the standard of living by making money for themselves. We must also take note that an economy’s money is Continue reading

The continuing and unsuprising crisis of capitalism

Capitalism Crisis

Capitalism Crisis?

Financial crisis has been with us since 2007. Not much is changing. Have the established forms of capitalism failed? Chris Smith urges us to think about the economy from a progressive perspective.

Global capitalism continues to lurch from one crisis to the next, just as any good Marxist account of reality tells you it is destined to do. The US, the world’s largest economy and lynchpin of global capitalism is having its credit rating downgraded for the first time in its history. Whether this downgrade by one ratings agency turns out to be as universally damaging to the workings of Continue reading

Defeating the debt – Tax reforms to manage US national debt

The American debt is significant enough to have global markets worried. Following Politics Preacher’s discussion of the debt crisis, Jason Holmes adds his cent to the debate. 

There have been various discussions that country will soon have to default on government debts. Thus, the politicians and the economists have been discussing as to how to bring down the debt level and how to stop the country from defaulting. Mainly, the financial experts are of the view that the country needs a tax reform. Most are of the view that only a tax reform will result in debt reduction and thus will be able to save the nation from defaulting; the debt reduction process in itself is a Herculean task. Continue reading

Hartz Concept and the German Social System

Hartz IV

Hartz IV is Germany’s divisive welfare programme. It involved the consolidation of unemployment and welfare benefits. Some argued the new singular benefit was too low. However, the programme still encourages people to live off benefits when they are able to work. What with bailing out Greece, can the Germans also sustain its current benefits system, asks Helena Miteyko.

The Hartz concept is a term for the Commission’s proposals “Modern Services in the labour market” which was held in Continue reading

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