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If the proposals pass, the US minimum will leapfrog Australia’s, in real terms and purchasing power... (read on)
The combined wealth of the world's 10 richest men rose by $540bn (£400bn) during the pandemic, according to Oxfam... (read on)
"There are lots of ways to describe the subject matter of economics, but the ponciest way is to say it’s about “the study of incentives”. It’s true, but a less grandiose way to put it is that conventional economists are obsessed by prices and not much else." - Ross Gittins (Economics Editor, Sydney Morning Herald)
https://www.smh.com.au/business/the-economy/why-much-of-what-we-re-told-about-the-effects-of-taxes-is-off-beam Official figures have missed £800bn of private assets, says thinktank, amid calls for wealth tax to fund Covid recovery...
https://www.theguardian.com/inequality/2021/jan/03/richest-1-have-almost-a-quarter-of-uk-wealth-study-claims
"It's been a rough four years for free trade. During his presidency, President Trump blew up the Trans-Pacific Partnership, levied trade-chilling tariffs on China and other countries, and ripped up NAFTA. It's unclear what President-elect Joe Biden will do, but he will have to move fast: the U.S. was just left out of a new Asian trade deal.
But it wasn't always this way. Once upon a time, the United States was a beacon of free trade. And then at some point, trade deals stopped having much to do with trade at all." |
Maree SpraggonTeacher of IB Economics at the American School of Budapest Archives
February 2024
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