Even as nearly a billion people go hungry every day, the wealthiest one percent of the world’s population is purchasing ever-more expensive toys. Yacht sales grew by an average of 22 percent per year between 2014 and 2022. Private jet sales have boomed since the start of the COVID pandemic. The global luxury jewelry market, already huge at $56.5 billion,
The post Introducing the Luxury Cap Act appeared first on Center for the Advancement of the Steady State Economy.
In a recent paper in Journal of Economic Issues, I explore a particularly interesting variant on the problem of unexplored normativity, politicisation and its ethical consequences. Put simply, standard theory of tax evasion inadvertently treats everyone as a criminal. Moreover, while recent work on theory of “tax morale” seems different it is not as different as one might think. Both contribute to a world of biddable neoliberal subjects.
The post How tax theory in economics treats us appeared first on Progress in Political Economy (PPE).
“Let’s face it, the universe is messy. It is nonlinear, turbulent, and chaotic. It is dynamic. It spends its time in transient behavior on its way to somewhere else, not …
The post The empire of lies (and its consequences) appeared first on The Gower Initiative for Modern Money Studies.
“As long as we labour under the delusion that financial choices are the same for a government as they are for households or firms, who don’t have a [central] bank …
The post Two worlds. Royalty shamelessly flaunts its wealth while the people struggle to live. appeared first on The Gower Initiative for Modern Money Studies.
By Bob Lord / CounterPunch Bernie Sanders and Bill Gates don’t agree on many things, but they both want to see a “robot tax,” a special levy on companies that replace workers with machines. Sanders and Gates may be well-intentioned with this call for a robot tax. But that doesn’t make their call on this […]
The post Workers, Machines, and ‘Bonus Depreciation’ appeared first on scheerpost.com.
‘It needs to be understood how governments have facilitated inequality in the world. Billionaires don’t happen naturally. The rules by which a country’s economy operates is controlled by governments. If …
The post Money for big business and war but not for the public good appeared first on The Gower Initiative for Modern Money Studies.
“What is a debt, anyway? A debt is just the perversion of a promise. It is a promise corrupted by both math and violence.” David Graeber, Debt: The First 5,000 …
The post Don’t let the black hole debt doomsters suck us in with their lies. Enough is enough. appeared first on The Gower Initiative for Modern Money Studies.
‘The ultimate test of man’s conscience may be his willingness to sacrifice something today for future generations whose words of thanks will not be heard.’ Gaylord Nelson, founder of Earth …
The post “Scrooge” Hunt’s Autumn Statement leads us to the darkness of a new round of austerity appeared first on The Gower Initiative for Modern Money Studies.
by Alan Hutchison Published on Matches in the dark 18th October 2018 · Updated 20th November 2020 Understand spending chains and you understand a fair chunk of Modern Monetary Theory. …
The post Spending chains and Sankey diagrams appeared first on The Gower Initiative for Modern Money Studies.
by Alan Hutchison · Published on his Matches in the dark website on 27th September 2018 · Updated 20th November 2020 Most people in the UK, both on the Left …
The post Tax people, not corporations appeared first on The Gower Initiative for Modern Money Studies.